Blog Posts: Benefits Law Update

Understanding Your Fiduciary Responsibilities Under ERISA: A Webinar

Employers have long understood the importance of fiduciary compliance with respect to 401(k) plans and other retirement plans subject to ERISA, and most have sound processes and governance structures in place to ensure the fulfillment of their fiduciary duties. Many employers, however, do not apply the same level of fiduciary compliance for their ERISA health and welfare plans even though many of the same fiduciary standards apply. Now is the time to focus on group health plan fiduciary obligations as proposed fee transparency requirements and transparency in coverage regulations are bringing fiduciary risk for health and welfare plans into focus. Join Verrill and the Health Care Purchaser Alliance of Maine for a complimentary webinar, "Understanding Your Fiduciary Responsibilities Under ERISA," on Wednesday, May 26 from 12:00 to 1:00PM.

During the webinar, Verrill Partner Chris Lockman will discuss fiduciary risk and will outline strategies that employers should adopt to ensure compliance. The discussion will also include how to determine what actions qualify as fiduciary activities, who should be making fiduciary decisions, how to set up governance structures that protect plan sponsors, and more.

Click here to learn more and register.

Firm Highlights

Blog

Using a Non-Compete to Create a Substantial Risk of Forfeiture Under a Section 457(f) Plan: Limited (But Meaningful) Opportunities

Blog

You Are Here: A Mall Directory for Healthcare Transparency Requirements

The old adage “you can’t get where you’re going unless you know where you are” has never seemed more true than when applied to the current mélange of healthcare transparency guidance. Fortunately, a fading...

Publication/Podcast

Courts Expand on Rules Regarding the Protection of Retirement Plan Assets

News

32 Verrill Attorneys Named 2021 Super Lawyers and Rising Stars

(November 22, 2021) – The 2021 edition of New England Super Lawyers and Rising Stars© has recognized a total of 32 Verrill attorneys for excellence in their individual areas of practice. Only the top...

Blog

403(b) Plan Compliance with the Annual Additions Limit: IRS Expects 403(b) Plan Sponsors to Collect Information About Employees’ Outside Employment

In a recent Issue Snapshot about how the annual limit on retirement plan contributions under Section 415(c) of the Internal Revenue Code (“Code”) applies to 403(b) plans, the IRS revealed that it expects 403(b...

Blog

Thoughts on the DOL’s Proposed ESG Regulation

Publication/Podcast

2021 Year End Employee Benefit Plan Amendments

Health and Welfare Plans Employers that made available COVID-19 relief and benefit enhancements in 2020 – such as the increased carry over limit and extended grace period for health flexible spending accounts – need...

Blog

Elimination of Good Faith Relief for ACA Reporting

On November 22, 2021, the Internal Revenue Service (IRS) published proposed regulations that codify, among other things, an automatic extension of the deadline for furnishing IRS Forms 1095-C to employees. IRS Forms 1095-C are...

Publication/Podcast

Employee Benefits & Executive Compensation 2021 Summer Client Advisory

Click here to view as a PDF. This Client Advisory summarizes developments in the law governing employee benefit plans prompted by the COVID-19 pandemic. We explain what these developments mean for plan sponsors and...

Blog

Nonqualified Deferred Compensation and the Special Timing Rule HR Professionals Should Be Aware of for FICA Tax Purposes

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