Topic
401(k)
519 published works
Cohen & Buckmann Insights
Will 2020 Be a Banner Year for 401(k) Litigation? How Fiduciaries Can Protect Themselves
If you are a 401(k) or 403(b) plan fiduciary and you have the impression that ERISA litigation has increased in 2020, you are correct. An analysis by Bloomberg Law says…
Compensation & Benefits Blog
American Airlines 401(k) Plan Not Required To Offer Stable Value Fund
By Russell Hirschhorn, Seth Safra, Tulio Chirinos
Among the many claims brought by plaintiffs challenging investment offerings in defined contribution plans is the claim that plans should offer stable value funds in lieu of more conservative capital…
COVID-19 Workplace Law Advisor
Plan Defends Valuation of Accounts in Midst of COVID-Related Market Volatility
A 401(k) plan and its administrators are defending the administrator’s decision to require a special valuation of former employees’ account values, given extraordinary market changes due to the COVID-19 pandemic. …
The Law for Lawyers Today
Citing “endless risk,” district court DQ’s firm from 401(k) case
By Karen Rubin
A New York district court judge last month disqualified a firm representing hundreds of 401(k) plan participants based on a conflict of interest. The judge called the risks posed "endless,"…
Workforce Bulletin
DOL Provides Guidance for Private Equity Investments in 401(k) Plans
Employers that are fiduciaries of participant-directed individual account plans (such as 401(k) plans) subject to the Employee Retirement Income Security Act of 1974, as amended (‘Plans” and “ERISA”, respectively) should…
Benefits & Compensation Blog
IRS Eases Ability of Employers to Reduce or Suspend Safe Harbor Matching and Nonelective Contributions
The Internal Revenue Service (IRS) issued Notice 2020-52 on June 29, 2020, making it temporarily easier for employers to suspend or reduce matching contributions and nonelective contributions to safe harbor…
Employee Benefits
IRS Issues COVID-19 Relief on Mid-Year Changes to Safe Harbor 401(K) Plans
The Internal Revenue Service (IRS) issued helpful guidance to plan sponsors of safe harbor 401(k) plans that are considering reducing or suspending safe harbor employer matching contributions or safe harbor…
Cohen & Buckmann Insights
IRS Guidance on Suspending Safe Harbor 401(k) Contributions
My latest column for PLANSPONSOR discusses how the IRS has eased some rules for suspending contributions in response to COVID-19.Read the Article.
Compensation & Benefits Blog
Internal Revenue Service Provides Temporary Relief and Other Guidance on Mid-Year Reductions of Safe Harbor Contributions to 401(k) Plans due to COVID-19
On June 29, 2020, the Internal Revenue Service (the “IRS”) issued Notice 2020-52 that provides temporarily relief to plan sponsors that amend their safe harbor Section 401(k) or 401(m) plans…
Beneficially Yours
Plop, Plop, Fizz, Fizz – Relief For Safe Harbor Plans Reducing or Suspending Contributions in 2020
By Liz Deckman, Benjamin Spater
Seyfarth Synopsis: Due to the significant economic impact of COVID-19 on businesses, many plan sponsors would like to reduce or suspend contributions to safe harbor 401(k) plans this year. Normally,…