Legal News

The Employee Benefits Practice is pleased to present the Employee Benefits Developments Newsletter for the month of January 2020. Click on the links below for more information on each specific development or case....By: Hodgson Russ LLP

The signing of the Further Consolidated Appropriations Act, 2020 (Act) at the close of 2019 affected two Affordable Care Act fees related to employer sponsored group health plans....By: Hodgson Russ LLP

The Tax Cuts and Jobs Act created a new incentive program to spur development in distressed communities that qualify as “Opportunity Zones.” Opportunity Zones are designed to encourage economic growth and investment in certain population census...By: Hodgson Russ LLP

On January 10, 2020, the Federal Trade Commission and the United States Department of Justice Antitrust Division (the Agencies) proposed draft vertical merger guidelines (Vertical Guidelines). The Vertical Guidelines will be open for public comment...By: Hodgson Russ LLP

The SECURE Act (Setting Every Community Up for Retirement Enhancement Act) has been signed into law by President Trump, making multiple changes to encourage increased retirement savings and simplify certain administrative requirements for retirement...By: Hodgson Russ LLP

It is well established that welfare plans are not subject to the vesting requirements of ERISA. Therefore, if vesting occurs, it must be found in the express language of the applicable plan document or collective bargaining agreement....By: Hodgson Russ LLP

As we reported in a Hodgson Russ Employee Benefits Newsletter article dated September 30, 2019 titled “IRS Publishes Final Hardship Withdrawal Regulations," the final hardship distribution regulations prescribe dates by which individually designed...By: Hodgson Russ LLP

For plan sponsors continuing to maintain individually designed plan documents, the IRS provides an annual “Required Amendments List” to track a qualified retirement plan’s conformity to changes in the law....By: Hodgson Russ LLP

Continuing a welcome holiday tradition, the Internal Revenue Service has given applicable large employers an additional 30 days to furnish individuals with IRS Form 1095-C (or, where applicable, IRS Form 1095-B). The deadline for providing these...By: Hodgson Russ LLP

On December 20, 2019, President Trump signed a two-part spending bill funding the federal government through Fiscal Year 2020. Among the many provisions included with the spending bill is the Setting Every Community Up for Retirement Enhancement...By: Hodgson Russ LLP