Legal News

As concerns continue regarding the possibility of an economic downturn, plan sponsors should be aware of the effects that two potential downturn events could have on their qualified plans....By: Morgan Lewis - ML Benefits

The California Consumer Privacy Act (CCPA) gives California residents various new rights regarding the collection, use, and disclosure of their personal information, and imposes a number of obligations on businesses covered by the CCPA, including...By: Morgan Lewis

For years, there has been a persistent trend toward outsourcing retirement plan recordkeeping and other administrative responsibilities. Although historically more prevalent for defined contribution plans, this outsourcing trend has been accelerating...By: Morgan Lewis

Closed defined benefit plans—i.e., defined benefit plans that are frozen to new participants but that allow existing “grandfathered” participants to continue to accrue benefits—are nearly certain to face challenges in passing nondiscrimination...By: Morgan Lewis - ML Benefits

In 2020, we will start to see private UK companies including the new corporate governance and reporting regulations of The Companies (Miscellaneous Reporting) Regulations 2018 in their annual reports. The annual reports of large UK companies,...By: Morgan Lewis

Even before “active shooter” became a mainstay in today’s discussions, workplace violence has long been a concern in the corporate world. The Occupational Safety and Health Administration (OSHA) defines workplace violence as “any act or threat of...By: Morgan Lewis

In recent years, an issue under the Employee Retirement Income Security Act of 1974 (ERISA) has drawn considerable attention: Participants who have reached the minimum age for starting their retirement benefits are not doing so. This so-called...By: Morgan Lewis

The US Department of Labor recently issued a proposed rule to supplement the Department’s existing electronic disclosure regulations and ease the burden of compliance with many of ERISA’s retirement plan disclosure obligations. While the proposal is...By: Morgan Lewis

In final regulations set to take effect for 2020 Forms W-2, the IRS gives employers the option of using truncated Social Security numbers (SSNs) on employee Forms W-2 issued after December 31, 2020. The new rules are an attempt to assist employer...By: Morgan Lewis - ML Benefits

Recent decisions by the US Court of Appeals for the Ninth Circuit have reinvigorated the debate over whether mandatory individual arbitration provisions are enforceable with respect to ERISA claims and, if so, whether these provisions are worth...By: Morgan Lewis