Archive

43 minutes ago

Merry Christmas and Happy Hanukkah!

As we celebrate this festive season, we want to wish you a Merry Christmas and a Happy Hanukkah filled with joy, love, and peace. Thank...

3 days ago

“50th Anniversary of ERISA” Firm Cookbook

In what is becoming our new holiday tradition, we are happy to share our “50th Anniversary of ERISA” firm cookbook with vintage recipes for

Dec 11

California Regulates Use of AI by Health Plans

On September 28th, 2024, California enacted SB 1120 in an effort to balance technological innovation with the need for human judgment.

Dec 6

EBSA Requests Data to Populate New Online Tool that Helps Workers Find "Lost" Retirement Savings

Many workers lose track of their retirement savings after changing jobs or due to changes in their employers.

Nov 4

IRS Issues New Secure 2.0 Interim Guidance re Overpayments

As we have previously posted, Secure 2.0 significantly changed the rules for correction of overpayments from qualified retirement plans (inc

Oct 17

IRS Addresses Long-Term, Part-Time Employees in ERISA 403(b) Plans

On October 3rd, 2024, the IRS issued Notice 2024-73, addressing how ERISA 403(b) plans must treat long-term, part-time employees...

Oct 9

Winners and Losers and Lessons Learned

Another year of health and welfare litigation, another year of mixed results for both plaintiffs and defendants, but lessons for all.

Aug 2

Texas Federal Courts Stay Fiduciary Rule

On July 25, 2024, Judge Jeremy Kernodle of the U.S. District Court for the Eastern District of Texas temporarily blocked the US Department..

Jul 26

Attention Plan Sponsors: Don't Miss the Form 5500 Deadline!

The deadline to file or extend your calendar year Form 5500 for the 2023 Annual Return/Report of Employee Benefit Plan is approaching...

Jul 19

The IRS Has Issued Final Regulations About Required Minimum Distributions

The IRS has just issued very lengthy final regulations (TD 10001; RIN:1545-BP82) governing required minimum distributions (RMDs) that...

May 30

Recent Developments in 401(k) Forfeiture Cases: Key Updates for Plan Sponsors

We have two significant updates in the arena of 401(k) forfeiture cases that could have far-reaching implications for employers and plan spo

May 30, 2023

The End of the Covid-19 National Emergency: What Plan Sponsors Need to Know

New guidance effectively terminates several of the employee benefit plan mandates that were implemented when the National Emergency was...

May 30, 2023

Good News from the IRS (No Really!): IRS Issues Guidance on EPCRS After Secure 2.0

The IRS has now issued Notice 2023-43 which provides interim guidance on its interpretation of the Secure Act 2.0’s changes to the...

May 26, 2023

Updates to HSA Contribution Limits for 2024

The IRS has announced increases to the Health Savings Account (HSA) contribution limits for 2024. These adjustments are based on the...

May 18, 2023

The End of the COVID-19 National Emergency: What Plan Sponsors Need to Know

President Biden signed legislation terminating the COVID-19 National Emergency effective May 11, 2023, which ends several of the employee...

May 11, 2023

Important Deadlines and Updates for Defined Benefit Plan Sponsors and Pre-Approved Plan Providers

Restatement Deadlines for Defined Benefit Plan Sponsors The IRS has provided guidance on restatement deadlines for plan sponsors of...

May 5, 2023

Western Pension & Benefits Council Give a Fond Thank You to Alison Fay

In their Spring Newsletter, the Orange County Chapter of the Western Pension & Benefits Council thoughtfully highlighted Boutwell Fay's...

Apr 28, 2023

New Rules for Form 5500

The Department of Labor has issued new rules detailing a number of changes to Form 5500 and Form 5500-SF reporting, starting for plan...

Apr 20, 2023

Seventh Circuit Court of Appeals Writes the Next Chapter in Hughes v. Northwestern University

The lawsuit against Northwestern University (Hughes v. Northwestern University) claiming that it breached its fiduciary duties with...

Apr 13, 2023

Lost in Translation: Applying the New EPCRS Rules under Secure 2.0

In a tight labor market, a 401(k) plan (or other tax-favored retirement plan such as a 403(b) plan) is not really viewed as optional for...

Apr 6, 2023

Secure 2.0 Makes Big Changes to Recoupment of Overpayments

Secure 2.0 significantly changed the rules for correction and overpayments from a retirement plan.

Mar 28, 2023

Expanded Coverage For Part-Time Employees Under Secure 2.0

The SECURE 2.0 Act was signed into law in December 2022, and it expands the requirement to cover long-term part-time (LTPT) workers in...

Mar 24, 2023

Whose Money is it Anyway? IRS Proposes New Regulations Governing Plan Forfeitures

On February 27, 2023, the IRS published new proposed regulations governing the timing and use of forfeitures in qualified plans (both...

Mar 16, 2023

Secure 2.0 – Treating Student Loans as Elective Deferrals

SECURE 2.0 was signed into law in December 2022 as part of the Consolidated Appropriations Act of 2023. Effective for plan years...

Mar 8, 2023

Secure 2.0 Updates Family Attribution Rules For Aggregation of Businesses

In today’s post, we want to highlight two important ownership attribution rule changes for aggregation of businesses made by the SECURE...

Mar 2, 2023

Sherrie Boutwell Teaching at IFEBP's Navigating Benefit Plans Through Mergers and Acquisitions

Join Sherrie Boutwell and her co-instructor, Ilene H. Ferenczy, on March 15th & 16th, 2023 1:00 p.m.-4:00 p.m. ET for a two-day training...

Feb 23, 2023

Evan Giller's Article on Secure 2.0 for NBOA

After co-presenting at the recent 2023 Annual Meeting for NBOA, both Evan Giller, Boutwell Fay, LLP, and Gary Mauger, New Pinnacle...

Feb 17, 2023

Keeping it Simple under the Secure Act 2.0 for IRAs, SEPs & SIMPLE Plans

Among the sweeping retirement plan changes in the new Secure 2.0 law are a number of important and welcome enhancements for owners of...

Feb 16, 2023

SECURE 2.0 PERMITS SELF-CERTIFICATION OF HARDSHIP DISTRIBUTION CONDITIONS

The SECURE 2.0 Act (enacted in late December 2022) makes a welcome change to the administration of 401(k), 403(b), and 457(b) plans by...

Feb 9, 2023

A Valentine’s Day “KISS” for Small Retirement Plans:

Keeping it Simple under the Secure Act 2.0 for IRAs, SEPs & SIMPLE Plans Among the sweeping retirement plan changes in the new Secure 2.0...

Feb 7, 2023

Evan Giller to Present at the 2023 NBOA Annual Meeting & Business Solutions Showcase

Join Evan Giller of Boutwell Fay, LLP, and Gary Mauger of New Pinnacle Consulting Group/Pentegra for their session: So, I Can Join a...

Feb 3, 2023

Plan Sponsors: Prepare for Announced End to COVID-19 Outbreak Period

On January 30, President Biden announced that he would end the National Emergency related to the COVID-19 pandemic on May 11, 2023. This...

Jan 25, 2023

"Southern California Super Lawyer," 2023

To view Sherrie's listing in Southern California Super Lawyers, 2023, click here.

Jan 20, 2023

Secure 2.0 for 401(k) and 403(b) Plans: What Employers (and Their Advisors) Need to Know Now

On December 29, 2022, President Biden signed into law the Consolidated Appropriations Act of 2023, which includes the SECURE 2.0 Act of...

Jan 18, 2023

Sherrie Boutwell to present at the WP&BC 2023 Annual Legislative & Regulatory Update

Join Boutwell Fay's Sherrie Boutwell as she presents with JP Morgan's Dan Notto next week on Wednesday, January 25th from 3:30 PM - 7:00...

Jan 13, 2023

We Missed the July 2022 Restatement Deadline – What Do We Do Now? Answer: It’s Complicated

If you missed the July 2022 restatement deadline, all is not lost – you may not even have a problem.

Jan 5, 2023

Evan Giller to present at WP&BC's New Year Tidings 403(b) Plans Webinar

Join Boutwell Fay's Evan Giller as he presents on 403(b) plans along with Robert Toth, JD, of Toth Law and Consulting on Tuesday, 17 Jan...

Dec 29, 2022

Secure Act 2.0 2022 Means Changes for Retirement Plans

Secure Act 2.0 contains sweeping changes to retirement plan legislation.

Dec 22, 2022

Happy Holidays from Boutwell Fay

Dec 8, 2022

Boutwell Fay, LLP is recognized in the 2023 Edition of U.S. News Best Law Firms

Boutwell Fay is proud to announce that our firm has been recognized in the 2023 Edition of U.S. News Best Law Firms, in the area of...

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Qualified and Non-Qualified Deferred Compensation Plans

Health and Welfare Plans

Plan Correction and Government Audits