Schedule C Disclosure
Read an article on International Labor and Employment Laws.
Although they are generally lauded for increasing diversification of investments, investment managers and employee benefit plans need to be aware of the potential for ‘‘overlapping’’ and its impact in situations where ‘‘plan assets’’ are invested in multimanager investments and, in particular, fund of funds (‘‘FoF’’ or ‘‘FoFs’’) investment strategies.
Employees, in particular executives, may be covered by a wide range of compensation arrangements. These compensation arrangements may involve, for example, tax-qualified pension and retirement plans, health and welfare plans, nonqualified deferred compensation, life insurance and stock-based compensation. The federal income taxation of stock-based compensation is complex. Minor structural differences can dramatically change the tax […]
Health Care Reform
Private Sector Bargaining
Blitman & King lawyer, Bryan T. Arnault was a part of a panel during the American Bar Association conference on February 25th in Miami Beach, Florida. The panel discussed major labor law issues including many principles and policy regarding, in particular, federal law and applying said principles to workplace policies and rules. The debate was […]
The IRS Employee Plans Compliance Unit (ECPU) is conducting a compliance review of nonqualified deferred compensation plans commonly known as “top hat” plans established under Internal Revenue Code Section 457(b). The ECPU is looking for possible compliance irregularities related to funding, loans, catch-up contributions and plan sponsor eligibility. If you receive an ECPU compliance letter […]
The United States District Court for the Southern District of New York recently dismissed the claim of a multi-employer health fund for reimbursement of approximately $100,000 from a student accident insurance provider. In Central States Southeast and Southwest Area Health & Welfare Fund v. Gerber Life Insurance Co., the Fund filed an action under ERISA […]
Recently we successfully represented a group of approximately 60 retirees before the Pension Benefit Guaranty Corporation (“PBGC”). The PBGC had significantly reduced the pensions of the group due to a Plan Amendment that allegedly increased benefits within five years of Plan termination – – a violation of PBGC rules. Based on lengthy negotiations between this […]