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IRA Mandate for Private Sector Employers in New York State and New York City

USA - March 23 2022 New York State enacted requirements under which certain private sector employers, including not-for-profit organizations, are required to establish…

Mark E. Brossman, David M. Cohen, Ronald E. Richman

DOL Compliance Guidance on Plan Investments in Digital Assets

USA - March 10 2022 (Compliance Assistance Release No. 2022-01 [the “Release”]). In the Release, the DOL expressed “serious concerns” about exposing 401(k) plans and…

Stephanie R. Breslow, Mark E. Brossman, David M. Cohen, Marc E. Elovitz, Ian L. Levin, Ronald E. Richman

New Year, New Employment and Benefits Developments for Employers

USA - January 10 2022 As the New Year begins, in addition to the recent COVID-19 related developments (discussed here), employers should be aware of the following changes…

Mark E. Brossman, Max Garfield, Scott A. Gold, Donna K. Lazarus, Ronald E. Richman, Melissa J. Sandak

What Are the Retirement Plan Dollar Limits for 2022?

USA - November 4 2021 The Secretary of the Treasury announced today the 2022 limits for qualified retirement plans and IRAs based on cost of living increases. The Consumer…

Mark E. Brossman, Ian L. Levin, Ronald E. Richman

DOL Issues First Cybersecurity Guidance for Plan Sponsors

USA - May 17 2021 On April 14, 2021, the U.S. Department of Labor (“DOL”), through its Employee Benefits Security Administration (“EBSA”) issued its first set of…

Mark E. Brossman, Ronald E. Richman, Edward H. Sadtler, Melissa J. Sandak