Legal News

The Employee Benefits Practice is pleased to present the Employee Benefits Developments Newsletter for the month of November 2019. Click through the links below for more information on each specific development or case....By: Hodgson Russ LLP

As a result of a custodial trustee’s resignation, assets for Severstal Wheeling, Inc.’s (“Severstal”) two ERISA-covered retirement plans were transferred to a new trust.  The retirement committee for the Severstal retirement plans (“Committee”)...By: Hodgson Russ LLP

In October, the Department of Labor (DOL) published a proposed rule that offers a new, additional electronic safe harbor option that retirement plan sponsors would be able to use to furnish notices and disclosure to participants and beneficiaries....By: Hodgson Russ LLP

In a recent district court case out of the United States District Court for the Middle District of Florida, a former employee attempted to sue his former employer as part of a class action alleging the employer failed to provide adequate Consolidated...By: Hodgson Russ LLP

The Internal Revenue Service has announced the cost of living adjustments dollar limits applicable to benefit plans (see IRS Notice 2019-59)....By: Hodgson Russ LLP

As the year end is quickly coming, employers are reminded of minimum wage increase and exemption thresholds....By: Hodgson Russ LLP

The Employee Benefits Practice is pleased to present the Employee Benefits Developments Newsletter for the month of October 2019....By: Hodgson Russ LLP

The Sixth Circuit Court of Appeals reversed a district court’s decision to award statutory penalties resulting from a late Consolidated Omnibus Budget Reconciliation Act (“COBRA”) election notice. In this case, the plaintiff/employee had coverage...By: Hodgson Russ LLP

As we have previously reported, the IRS has made significant changes in the past few years to the way retirement plan sponsors ensure their documents comply with the Code. In 2017, the IRS confirmed that it would not issue determination letters for...By: Hodgson Russ LLP

PepsiCo, Inc. (Pepsi) is the sponsor of a defined benefit pension plan. Like several other prominent sponsors of defined benefit pension plans, Pepsi was named as a plaintiff in an actuarial equivalence lawsuit that alleged problems with the...By: Hodgson Russ LLP