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Employee Benefits Newsletter – Summer 2016

  • July 15, 2016

In this issue:

What the New Fiduciary Rule Means for Plan Sponsors and Fiduciaries. On April 8, 2016, the Department of Labor published its final rule on who is a fiduciary as a result of giving investment advice under the Employee Retirement Income Security Act of 1974 (the “New Fiduciary Rule”) as well as related exemptions. Although the New Fiduciary Rule is targeted mainly at the providers of investment advice, it contains a number of provisions that are relevant to sponsors and fiduciaries of qualified retirement plans (e.g., 401(k) plans and traditional pension plans).

Does Your Health Plan Have a Gender Identity Problem? Since the enactment of the Patient Protection and Affordable Care Act, employers have been confronted with numerous questions. Do we have to provide our employees with health care coverage? What benefits does our health care coverage have to provide? What types of penalties do we face for failing to provide coverage or for having noncompliant coverage? What are our reporting requirements? The list goes on and on.

Recent Developments. Recent developments in benefits-related law that you need to be aware of.

Featured Lawyer: Natalie Nathanson, Principal in our Chicago office.

Media. See which outlets Jackson Lewis’ employee benefits attorneys have recently appeared in.

Honors. Congratulations to our attorneys!

Success Story. A new twist on withdrawal liability calculations.

Upcoming Seminars. Join us for a benefits seminar near you!

©2016 Jackson Lewis P.C. This material is provided for informational purposes only. It is not intended to constitute legal advice nor does it create a client-lawyer relationship between Jackson Lewis and any recipient. Recipients should consult with counsel before taking any actions based on the information contained within this material. This material may be considered attorney advertising in some jurisdictions. Prior results do not guarantee a similar outcome.

Reproduction of this material in whole or in part is prohibited without the express prior written consent of Jackson Lewis P.C., a law firm with more than 900 attorneys in major cities nationwide serving clients across a wide range of practices and industries. Having built its reputation on providing premier workplace law representation to management, the firm has grown to include leading practices in the areas of government relations, healthcare and sports law. For more information, visit www.jacksonlewis.com.

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