2011 Articles

Case update: In Re: Citigroup ERISA Litigation By Maria M. Gonzalez November 2011 The In Re: Citigroup decision contains the most substantive discussion of the Court’s analysis addressing the legal standard governing breach of fiduciary duty claims brought against plan administrators of 401(k), ESOP and other forms of eligible individual account plans that maintain company stock in the plan when there is a substantial decline in price of the stock.
CIGNA Corp. v. Amara case update By Richard Toth September 2011 The case signals a likely expansion of the remedies under ERISA’s § 502(a)(3), which provides for “appropriate equitable relief.”
Federal legislation report June 2011 An update of recent federal bills relating to employee benefits.
Illinois Civil Union Act By Derek A. Schryer March 2011 Beginning on June 1, 2011, Illinois will recognize same-sex marriages, civil unions or other similar legal relations entered into in another jurisdiction as a civil union.
New W-2 reporting requirements: What employers need to know By Derek A. Schryer November 2011 All employers that provide applicable employer-sponsored coverage during a calendar year are subject to the reporting requirement set forth in Code Section 6051(a)(14).
Pending cases By David R. Shannon June 2011 Recent cases of interest to employee benefits practitioners.
Single employer defined benefit plan fiduciaries’ exposure to risk of liability to participants under the Pension Protection Act of 2006’s mandatory benefit restrictions By Michael Bartolic September 2011 Plan sponsors and fiduciaries should be careful to take precautions to avoid unnecessary impositions of the Pension Protection Act’s mandatory benefit restrictions because of statutory presumptions of the Adjusted Funding Target Attainment Percentage.