Resources
Experience

Fiduciary Governance Structure for ERISA Plans

Eric Altholz was asked to review this client's fiduciary governance structure and recommend any changes needed to enhance the fiduciary compliance status of the organization with respect to ERISA plans. This project ultimately involved the preparation board and committee resolutions implementing changes to the fiduciary governance structure, the preparation of a new plan administrative committee charter and extensive education of plan fiduciaries regarding their obligations under ERISA. Since that time, this organization has become a core employee benefits and executive compensation client of the firm.

Firm Highlights

News

Verrill Appoints Karen Hartford as Firm’s New Diversity & Inclusion Committee Chair

Blog

DOL Signals Heightened Enforcement of Non-Quantitative Treatment Limitation Requirements

Introduction . When the U.S. Department of Labor issued its biennial 2022 Mental Health Parity and Addiction Equity Act (“MHPAEA”) Report to Congress earlier this year, it outlined significant noncompliance by health plans. (Full...

Blog

How many participants is too many for a top hat plan?

A client recently reviewed a census of participants in its deferred compensation plan and found that the covered group amounted to nearly 15% of its total workforce. Mindful of the need to limit the...

Blog

Proposed IRS Regulations Clarify SECURE Act Changes to RMD Rules for Beneficiaries

When the Setting Every Community Up for Retirement Security Act of 2019 (SECURE Act) took effect on January 1, 2020, it changed the rules for retirement plan required minimum distributions (RMDs) to participants and...

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...

News

Retirement Plan Sponsors and Service Providers – What You Need to Know About Missing Participants

Verrill partner Kimberly Couch was recently featured in the PLANSPONSOR article “ The Process for Issuing RMDs When Participants Are ‘Missing .'" The article discusses the steps that retirement plan sponsors and service providers...

Blog

Deciphering First Circuit’s Thirty-page Primer on NQTL Analysis and ERISA Information Requests

The widely publicized 2022 Report to Congress regarding the Mental Health Parity and Addiction Equity Act (“Parity Act”) forewarned greater enforcement efforts by the Department of Labor and highlighted suspected deficiencies in health plans&rsquo...

Publication/Podcast

Courts Expand on Rules Regarding the Protection of Retirement Plan Assets

News

Verrill Welcomes Associates Rachel A. Deering, Anna Mikhaylina, Derek Rocha, and Lea Silverman

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...

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