Author Archive
Legal Considerations When Engaging an Investment Professional for a Participant-Directed Defined Contribution Plan
By Jonathan M. Cerrito & Michael R. Daum This is the third in a series of articles about legal considerations under ERISA for pension plan fiduciaries in selecting and monitoring investment professionals to assist with the investment of plan assets. Much has been made about the shift in the retirement landscape away from defined benefit […]
Blitman & King LLP Attorneys Receive Distinguished Pro Bono Service Awards
SYRACUSE, N.Y. – Brian J. LaClair, a partner at Blitman & King LLP, and Nolan J. Lafler, an associate at the firm, have each received a Distinguished Pro Bono Service Award from the Volunteer Lawyers Project of Onondaga County, Inc. LaClair and Lafler received the awards at a ceremony held on June 3, 2015, […]
The NLRA at 80: Is the Statute Adapting to the New Workplace?
Blitman & King will be presenting at an important event sponsored by Region Three of the National Labor Relations Board, Cornell University, and the New York State Bar Association. The title of the program is “The NLRA at 80: Is the Statute Adapting to the New Workplace?” In 1935, when the Act was passed, no […]
Blitman & King’s 25th Annual Labor & Employment Seminar
On March 30, 2015, Blitman & King will host its 25th Annual Labor & Employment Law Seminar at Turning Stone Resort Casino.
Considerations for Defined Benefit Plan Fiduciaries Who Hire Nondiscretionary Investment Consultants
This is the second in a series of articles about legal considerations under ERISA for pension plan fiduciaries in selecting and monitoring investment professionals to assist with the investment of plan assets. Although there are a multitude of general differences between a defined benefit pension plan and a defined contribution pension plan where participants don’t […]
Jonathan Cerrito Quoted in Bloomberg BNA Article on DOL Attempts to Treat 401K Investment Platform Providers As Fiduciaries
Bloomberg BNA quoted employee benefits partner Jonathan Cerrito in an article about two recent court decisions that rejected the DOL’s amicus position that the 401K platform provider at issue was a fiduciary. Jonathan explains how many of these 401K platform providers have a reservation of rights provision in their contracts. Pursuant to these provisions, a […]
Legal Considerations When Engaging an Investment Professional for an ERISA Pension Plan
This is the first in a series of articles about legal considerations under ERISA for pension plan fiduciaries in selecting and monitoring investment professionals to assist with the investment of plan assets. The prudent investment of plan assets is one of the most basic duties facing pension plan fiduciaries under the Employee Retirement Income Security […]
IRS Announces 2015 Cost of Living Adjustments for Pension and Retirement Plans
On October 23, 2014, the I.R.S. announced cost of living adjustments affecting dollar limitations for pension and retirement plans for 2015. The elective deferral contribution limit for employees who participate in 401(k), 403(b), or 457(b) plans has increased from $17,500 for 2014 to $18,000 for 2015. The catch-up contribution limit under those plans for those […]
Unions Confronting Employer Spinoff and Joint Venture Transactions Need to Understand Pension Funding Ramifications
Regardless of whether spinoff transactions are vehicles for separating high-growth businesses or a method of taking out the trash, Jonathan Cerrito—a partner with Blitman & King—recently provided unions facing such transactions guidance in an article published by Bloomberg BNA. As Jonathan discusses, unions will want to maintain the security and predictability that existed pre-transaction in […]
Blitman & King Presents on Executive Compensation to Federal Credit Union Executives as Part of VirtualCorp Webinar Series
Jonathan M. Cerrito, Esq. recently presented on executive compensation to a national audience of federal credit union executives as part of VirtualCorp’s webinar series. The program, titled “How to Protect Yourself—What Every CU Executive Should Know,” was presented live on July 15, 2014, and addressed various issues, including the ins and outs of employment and […]