Four Recent Lawsuits Claim Large Corporate Pension Plans Violated ERISA Through Use of Unreasonable Actuarial Assumptions

Topics: ERISA, Qualified Plans

This WR Marketplace is created exclusively for AALU members by experts at K&L Gates and the AALU staff, led by James E. Earle, Matthew R. Jones, Richard H. Nettles, and Rebecca Liu. The AALU WR Newswire and WR Marketplace are published by AALU as part of the Essential Wisdom Series, the trusted source of actionable...

“Top Hat” Plans — What are They and How Do You Know If You Have One


Nonqualified deferred compensation plans (NQDC), such as 401(k) restoration plans, other elective deferral plans, and supplemental retirement plans (SERPs), must limit their eligibility to a “top hat” group to avoid significant problems under ERISA and the Internal Revenue Code (IRC). ERISA defines this group as a “select group of management or highly compensated employees.” Department…

WRN#18.01.17: Divorce Decree Suffices as QDRO Under ERISA to Require Insurance Benefit Payment to Non-Designated Beneficiary

Topics: ERISA, Estate planning, Qualified Plans

A U.S. Court of Appeals held that a separation agreement incorporated into a divorce decree, which required that the parties’ name their daughter as the sole beneficiary of any employer-sponsored life insurance, clearly specified the required information to qualify as a qualified domestic relations order (QDRO) for purposes of ERISA.

ERISA Fundamentals – A Primer on Fiduciary Duties.

Topics: ERISA, Fiduciary, Qualified Plans

To protect employees with regard to certain employer-sponsored benefits, ERISA imposes fiduciary responsibilities on employers and others plan manager and administrators, which can be enforced by lawsuits and civil penalties from the Department of Labor. Anyone that has discretionary authority with respect to the administration of a plan or the disposition of its assets is…

Fundamentals of Tax-Qualified Plans – Participation and Coverage Standards- What Everyone Should Know

Topics: ERISA, Qualified Plans

The WRMarketplace is created exclusively for AALU Members by the AALU staff andGreenberg Traurig, one of the nation’s leading tax and wealth management law firms. The WRMarketplace provides deep insight into trends and events impacting the use of life insurance products, including key take-aways, for AALU members, clientsand advisors. The AALU WRNewswire and WRMarketplace are…