A recent Chief Counsel Memorandum (“CCM”) makes clear that a qualified retirement plan can face disqualification if the plan sponsor cannot provide a copy of an executed plan document or plan amendment upon audit.
Read MoreThe United States Supreme Court, in a per curiam decision, declined to address whether plan participants sufficiently alleged breach of fiduciary duty claims under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”) against fiduciaries of an employee stock ownership plan for failing to disclose inside information that ultimately led to a declining stock value, remanding the case to the Court of Appeals for the Second Circuit.
Read MoreIt has been several years since the US Supreme Court issued a decision in a case involving the Employee Retirement Income Security Act of 1974 (ERISA). In the upcoming term, the U.S. Supreme Court has agreed to review three ERISA cases. Below is a summary of the ERISA cases that are in front of the US Supreme Court in its upcoming 2019-2020 term.
Read MoreOn July 18, the Securities and Exchange Commission adopted an amendment to Rule 701 increasing the threshold that triggers the Rule’s disclosure requirements.
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