» Legal Update

Employee Benefit Plan Amendments/Disclosures Required This Year

Sponsors of employee benefit plans should be aware of several rapidly approaching deadlines that require immediate action. As noted below, we request that you reach out to us… Read More
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Categories: Legal Update

New Addition to S&D and Recent Health and Welfare Settlement Further Demonstrates Need for Compliance

We wanted to alert you to a recent addition we have made at Smith & Downey in order to continue to provide best-in-class legal support to the wonderful clients we serve. A… Read More
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Categories: Legal Update

Amended FFCRA Regulations

On the evening of Friday, September 11, 2020, the DOL released amended Families First Coronavirus Response Act (“FFCRA”) regulations. These new regulations go into effect… Read More
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Categories: Legal Update

Recent Retirement Plan/Employee Benefits Developments and Needed Amendments

Another Round of Fiduciary Lawsuits The last few months have brought another round of lawsuits against plan sponsors, plan decision makers, and other fiduciaries (e.g., Boards… Read More
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Categories: Legal Update

Supreme Court Title VII Ruling

On June 15, 2020, the Supreme Court ruled 6-3 that employers may not discriminate against employees on the basis of sexual orientation or transgender status. Specifically, the… Read More
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Categories: Legal Update

The CARES Act – Plan Loans, Plan Distributions, PPP Loans, and Other Relief Should We Pause Before Acting? – Things to Consider Before Implementation

Pause and Review As we continue to advise clients regarding the employee benefit, executive compensation, and labor and employment aspects of the recent COVID-19 related feder… Read More
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Categories: Legal Update

Families First Coronavirus Response Act Key Provisions

As anticipated, President Trump has signed into law the Families First Coronavirus Response Act. This important new law will be effective April 2, 2020. As reported previously… Read More
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Categories: Legal Update

SECURE Act and Other Legislation Highlights; 403(B) PLAN AMENDMENT DEADLINE

As we have been saying for several years, a sponsor of a 403(b) Plan that has not been amended to incorporate changes in the 403(b) rules that were effective after 2009 and be… Read More
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Categories: Legal Update

Immediate Improvements and 2020 Changes

Effective Immediately, “preventive care” for HDHPs and HSAs includes expanded care for “chronic conditions” Since 2003, individuals covered solely by a high deductible… Read More
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Categories: Legal Update

DOL Proposed Increase to Overtime Exemption Minimum Salary Requirement

White Collar Exemption The Fair Labor Standards Act (FLSA) exempts from overtime and minimum wage requirements certain employees who meet both a minimum salary requirement and… Read More
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