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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 Update is provided for informational purposes only. It is not intended as legal advice nor does it create an attorney/client relationship between Jackson Lewis and any readers or recipients. Readers should consult counsel of their own choosing to discuss how these matters relate to their individual circumstances. Reproduction in whole or in part is prohibited without the express written consent of Jackson Lewis.

This Update may be considered attorney advertising in some states. Furthermore, prior results do not guarantee a similar outcome.

Jackson Lewis P.C. represents management exclusively in workplace law and related litigation. Our attorneys are available to assist employers in their compliance efforts and to represent employers in matters before state and federal courts and administrative agencies. For more information, please contact the attorney(s) listed or the Jackson Lewis attorney with whom you regularly work.

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