EMPLOYEE BENEFITS BLOG
EMPLOYEE BENEFITS BLOG
Insights on Employee Benefits and Executive Compensation
EMPLOYEE BENEFITS BLOG
Insights on Employee Benefits and Executive Compensation

Inflation and ERISA Penalties: Hand in Hand for 2022

By on April 6, 2022
Posted In Benefit Controversies, Employee Benefits, Employee Stock Ownership Plans (ESOPs), Employment, Executive Compensation, Fiduciary and Investment Issues, Health and Welfare Plans, Labor, Retirement Plans

The Federal Civil Penalties Inflation Adjustment Act of 2015 directs the US Department of Labor (DOL) to make annual inflation adjustments to specified Employee Retirement Income Security Act (ERISA) violations. The increased penalties generally apply to reporting and disclosure failures if the penalty is assessed after January 15, 2022, and if the violation occurred after November 2, 2015.

Access the updated DOL penalties.

Tags: Children’s Health Insurance Program, CHIP, CSEC, DOL, EBSA, Employee Benefits Security Administration, Employee Retirement Income Security Act, Employee Stock Ownership Plans, ERISA, ERISA §209(b), ERISA §502(c)(10)(B)(i), ERISA §502(c)(10)(C)(i), ERISA §502(c)(10)(C)(ii), ERISA §502(c)(10)(D)(iii)(ll), ERISA §502(c)(12), ERISA §502(c)(2), ERISA §502(c)(4), ERISA §502(c)(5), ERISA §502(c)(6), ERISA §502(c)(7), ERISA §502(c)(8), ERISA §502(c)(9)(A), ERISA §502(c)(9)(B), ERISA §502(m), ERISA §715, ESOP, Federal Civil Penalties Inflation Adjustment Act of 2015, group health plan, inflation, Internal Revenue Code, Public Health Services Act, Small Employer Charity Act, union plans, US Department of Labor
Diane Morgenthaler
Diane M. Morgenthaler focuses her practice on employee benefits and executive compensation. She represents clients in matters before the US Internal Revenue Service, the Department of Labor and the Pension Benefit Guaranty Corporation. Diane serves as employee benefit counsel to Fortune 500 corporations and other global corporations, and represents both public and private clients. She regularly designs and implements a variety of employee benefit plans and programs. Diane has extensive experience in employee benefit issues involved in acquisitions, reorganizations and divestitures and in the design of employee benefits plans following such transactions. She also advises clients in matters involving multi-employer withdrawal liability, fiduciary liability and benefit claims.

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