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Employee Benefits Newsletter – Summer 2016

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!

©2020 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.

Focused on labor and employment law since 1958, Jackson Lewis P.C.'s 950+ attorneys located in major cities nationwide consistently identify and respond to new ways workplace law intersects business. We help employers develop proactive strategies, strong policies and business-oriented solutions to cultivate high-functioning workforces that are engaged, stable and diverse, and share our clients' goals to emphasize inclusivity and respect for the contribution of every employee. For more information, visit https://www.jacksonlewis.com.