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Read Those Fee Disclosures

Welcome to an ERISA sunscreen moment!

Today’s sunscreen moment deals with “reading the label” as it relates to covered service provider fee disclosures.

A recently enacted requirement under ERISA Section 408(b)(2) states that in order for an expense being charged to an employee benefit plan to be reasonable, it must meet certain written fee disclosure requirements in advance of the commencement of the service. 48 more words

Employee Benefit Plans

HR & Finance Panel Discussion for Non Profits

Where Your Systems Intersect: Benefits, Payroll and HR

I’ve recently been talking with several of my non-profit clients about the day to day operation of their HR and Finance Departments.  194 more words

ERISA Case Survives Numerous Procedural Motions

By Michael W. Mitchell

In Longo v. Trojan Horse Ltd., No. 5:13-CV-418-BO (E.D.N.C. Jan. 15, 2014)(J., Boyle), the court for the Eastern District considered a motion to dismiss or transfer an ERISA action in which the plaintiffs claimed that the defendants had failed to make required employer contributions to a 401(k) plan. 470 more words


IRS: New Same-sex Marriage Guidance

Most Recent Notice Brings Clarification, Does Not Address All Questions

In 2013, we wrote about the far-reaching impact of the Windsor same-sex marriage ruling which touched more than 1,300 federal laws, including the Internal Revenue Code and Employee Income Security Act (ERISA). 684 more words

Plan Design

The Absurdity of Fifth Third

By James Kwak

No, I’m not talking about the fact that a major bank is named Fifth Third Bank. (As a friend said, why would you trust your money to a bank that seems not to understand fractions?) I’m talking about  571 more words


Reading the Tea Leaves: The Supreme Court Seems Likely to Eliminate the ERISA Presumption of Prudence

By Stephen A. Fogdall

The U.S. Supreme Court heard argument this week in Fifth Third Bancorp v. Dudenhoeffer, the case that will decide whether fiduciaries of employee stock option plans (ESOPs) are presumed to comply with their ERISA duties by continuing to invest in the employer’s stock despite allegations that they know or should know that the stock is overvalued.  477 more words


Mind Those User Controls!

User Controls

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Welcome to an ERISA sunscreen moment!

One section of a typical service organization control report covers an area called “user controls.” 143 more words

Employee Benefit Plans