Author Archive
Blitman & King Successfully Guides Plan Through IRS Voluntary Correction Program To Address In-Service Distributions
On behalf of a multiemployer defined benefit pension plan, Blitman & King, LLP submitted an application to the Internal Revenue Service (IRS) for participation in its Voluntary Compliance Program. The matter involved qualification errors related to in-service distributions and recalculation of benefits.
Department of Labor Proposes Revisions to the Definition of “Fiduciary” | Employee Benefits
Timothy R. Bauman, a Partner and the Chair of the Employee Benefits Department, recently authored a commentary, that was published in the Newsletter of the American Bar Association’s Employee Benefits Committee, discussing the U.S. Department of Labor’s proposed change to the definition of a “fiduciary” under ERISA…
Defending Trustees Against Failure to Diversify Claims | Employee Benefits
Jonathan M. Cerrito, a Partner in the Employee Benefits Department, and Michael R. Daum, a 2010 Summer Associate, recently published an article addressing diversification in the context of fund of funds investment vehicles in Benefits & Compensation Digest Volume 47 Number 12, pages 24-28, December, 2010...
B&K Labor Update – 2010 | Employment Law
In April 2010, President Obama filled National Labor Relations Board vacancies with recess appointments of Craig Becker and Mark Pearce, both uni on-side labor attorneys.
Internal Revenue Services Announces 2011 Cost of Living Adjustments
On October 28, 2010, the I.R.S. announced cost of living adjustments affecting dollar limitations for pension and retirement plans for 2011. In general, these limits either remain unchanged or will result in small inflation adjustments. Of note:
U.S. Department of Labor Issues Fee Disclosure Regulations for Participant-Directed Defined Contribution Plans
On October 14, 2010, the U.S. Department of Labor issued final regulations concerning disclosure of plan fees and costs to participants in defined contribution participant-directed account plans. The final regulations will become effective December 20, 2010 and are applicable for the first plan year beginning on or after November 1, 2011 (January 1, 2012 for calendar year plans).
ERISA & Employee Benefits Seminars – 2010 | Employment Law
Health Care Reform Investment Advice to Participants and Beneficiaries
Health Care Reform requires that group health plans and health insurance issuers have effective internal claims and appeals process
One of the many provisions of the Patient Protection and Affordable Care Act of 2010 (“PPAC”) is a requirement that group health plans and health insurance issuers have an effective internal claims and appeals process. As is the case for a number of the PPAC provisions, this requirement becomes effective for plan years beginning on or after September 23, 2010. For a number of health plans, this will mean January 1, 2011.
Daniel E. Kornfeld and Ginger B. LaChapelle Appointed to ERISA Leadership
Blitman & King Attorneys Daniel E. Kornfeld and Ginger B. LaChapelle have been appointed Subcommittee Co-Chairs for the Employee Benefits Committee of the American Bar Association. Daniel has been appointed to the Subcommittee dealing with the interaction between collective bargaining and employee benefits. Ginger has been appointed to the Subcommittee dealing with the regulation of specialized employee benefit plans.
Blitman & King Attorneys Named as 2010 New York Super Lawyers | Employment Law
Blitman & King is pleased to announce that 4 of the firm's attorneys have been selected as 2010 New York Super Lawyers including: Bernard T. King, James R. LaVaute, Donald D. Oliver and Jules L. Smith. Only the top 5% of lawyers, from nearly 70 practices areas, are named to the Super Lawyers list.