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Updated IRS Correction Principles and Changes to Voluntary Correction Program

USA - July 20 2021 The IRS recently issued Revenue Procedure 2021-30 (2021 RP) to provide revised procedures for its Employee Plans Compliance Resolution System (EPCRS)…

Robert M. Cipolla, Alexia L. Faraguna, Justine P. Welch.

DOL Issues First Wave of Fiduciary Rule Guidance

USA - November 3 2016 Last week, the U.S. Department of Labor (DOL) issued long-awaited guidance in the form of answers to 34 frequently asked questions (the FAQs) on its…

Maria P. Rasmussen.

Multi-employer Plan Withdrawal Liability — Lessons From The E Company Case

USA - March 26 2019 In Trustees of the Suburban Teamsters of Northern Illinois Pension Fund v. The E Company, the 7th U.S. Circuit Court of Appeals on Jan. 29, 2019…

9th Circuit: Employers Are Not ERISA Fiduciaries For Unpaid Multi-Employer Plan Contributions

USA - April 2 2018 The 9th U.S. Circuit Court of Appeals recently affirmed the dismissal of an action brought by several multi-employer funds against owners and officers…

Patent infringement lawsuit reminds ERISA fiduciaries to monitor service providers

USA - January 21 2015 In August 2014, GRQ Investment Management, LLC (GRQ) sued Financial Engines, Inc. and Financial Engines Advisors, LLC (collectively, Financial…