Resources

Advised Fortune 500 Company on Group Health and Welfare Benefit Plans

We were engaged by a Fortune 500 manufacturing company to provide legal and compliance services regarding its group health and welfare benefit plans. During the course of our representation, we have advised the company with respect to several significant matters including its COVID-19 vaccination incentive programs, creating a health and welfare benefit plans fiduciary committee, amending and restating the comprehensive summary plan description for its health and welfare benefit program, advising the company regarding the effects of the American Rescue Plan Act (ARPA) on dependent care tax credits, providing guidance with respect to several prelitigation demands, and providing welfare benefits integration advice on a billion dollar acquisition.

Firm Highlights

Blog

Does ERISA Work?

On Labor Day, September 2, 1974, Gerald Ford signed the Employee Retirement Income Security Act (“ERISA”) into law. ERISA governs the employee benefit plans (i.e., retirement and welfare plans) of most private employers in...

Matter

Health and welfare plan counsel to Fortune 500 companies

Verrill advises several Fortune 500 companies regarding health and welfare plan legal compliance matters. Our team helps these large and demanding employers navigate a wide variety of legal compliance challenges, including COVID-19 vaccination incentives...

Blog

The GLP-1 Coverage Conundrum: Managing Costs for Group Health Plans

Many employers are facing challenges in incorporating high-cost GLP-1 medications, such as Mounjaro, Ozempic, Rybelsus, Trulicity, and Wegovy, into their group health plans, as they must balance the cost to the group health plan...

Matter

Employee benefits transaction counsel

We advised a large physician network regarding the employee benefits and executive compensation aspects of its acquisition by a subsidiary of one of the largest health insurance companies in the country. The complex transaction...

Blog

Spence v. American Airlines: A Texas Court’s View of the Duty of Loyalty under ERISA

Since we last discussed environmental, social, and corporate governance (“ESG”) developments in the context of ERISA retirement plans (see our post here ), ESG litigation has taken a rather unexpected turn. Although the plan...

Publication/Podcast

FTC’s Non-Compete Ban: Status & Next Steps

UPDATE - August 21, 2024 Yesterday afternoon (August 20, 2024), the United States District Court for the Northern District of Texas blocked the Federal Trade Commission’s (FTC) Final Rule banning most non-competition agreements between...

Blog

Monitoring the Activities of a Plan Fiduciary Committee: Recommendations to a Board of Directors

It is axiomatic that a person who has fiduciary responsibility with respect to an ERISA benefit plan must monitor the performance of any plan service provider or other person to whom it has delegated...

Matter

Special project of long-time Fortune 500 client

For more than 25 years, Verrill has served as outside employee benefits counsel to a large, publicly traded insurance company. We helped this client develop a pioneering emergency savings vehicle within its 401(k) plan...

Blog

Solo 401(k) Plans: A Quick Fix-It Guide

“Solo 401(k)” is a marketing term used for a 401(k) plan that is adopted by a sole proprietor or an incorporated business with no employees other than the owner. These plans offer a greater...

Matter

Comprehensive employee benefits representation of regional health system

Contact Verrill at (855) 307 0700