McDermott Will & Emery
Subscribe to McDermott Will & Emery's PostsWhat Are the New 2018 Health Savings Account Limits?
By McDermott Will & Emery on May 10, 2017
Posted In Employee Benefits, Executive Compensation, Health and Welfare Plans
In Revenue Procedure 2017-37, 2017-21 IRB, the IRS issued the annual inflation-adjusted contribution, deductible and out-of-pocket expense limits for 2018 for HSAs. For clear comparison, we have outlined the changes from 2017 to 2018. Read the full article.
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House Narrowly Passes American Health Care Act
By McDermott Will & Emery on May 9, 2017
Posted In Benefit Controversies, Employee Benefits, Employment, Health and Welfare Plans, Labor
On Thursday, May 4, 2017, the US House of Representatives passed the American Health Care Act by the slimmest of margins with no Democrats voting in favor of the bill. Amendments to the original bill attracted more support from both moderate and conservative Republicans by the introduction of two amendments: one that gives more leeway...
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Upcoming Employee Benefits Innovators Roundtable Series!
By McDermott Will & Emery on May 4, 2017
Posted In Benefit Controversies, Employee Benefits, Employee Stock Ownership Plans (ESOPs), Employment, Executive Compensation, Fiduciary and Investment Issues, Health and Welfare Plans, Labor, Privacy and Data Security, Retirement Plans
McDermott will be holding its annual Employee Benefits Innovators Roundtable Series this month. The roundtables offer experienced benefits professionals an opportunity to discuss cutting-edge, topical employer-driven benefit programs with their peers and members of McDermott’s employee benefits team. We are meeting in four locations this year. Join us in one of the following cities: May...
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IRS Implementation of ACA’s Employer Shared Responsibility Provision Falls Short Based on the Results of a Recent Audit
By McDermott Will & Emery on May 3, 2017
Posted In Employee Benefits, Health and Welfare Plans
Based on a recent audit conducted by the Treasury Inspector General for Tax Administration (TIGTA), the IRS’ processes and procedures to ensure compliance with the employer information reporting requirements mandated by the employer shared responsibility provision (the play or pay rules) of the Affordable Care Act (ACA), have fallen short of their intended goals. (see...
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Employee Benefits Programs in May
By McDermott Will & Emery, Jacob Mattinson, Joseph K. Urwitz, Lisa Loesel, Lisa Schmitz Mazur and Ruth Wimer on Apr 27, 2017
Posted In Employee Benefits, Employment, Labor, Retirement Plans
Join members of the McDermott Employee Benefits team in May at one of these programs covering a variety of employee benefits topics. The John Marshall Law School The Center for Tax Law & Employee Benefits 14th Annual Employee Benefits Symposium | May 1, 2017 | Chicago, Illinois | Speaker, Joseph S. Adams Proposed 457(f) Regulations: Opportunities and...
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How to Prep for a Separation from a Parent Company
By McDermott Will & Emery on Apr 18, 2017
Posted In Employee Benefits
As more and more advisers continue to transition from the role of the product salesman to benefit facilitator, knowing what to do in the event of the client entering into a corporate spinoff can be critical. John Hendrickson, partner at McDermott Will & Emery, says he is beginning to see a trend in corporate spinoffs...
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DOL Health & Welfare Plan Audit Response and Protection: Reducing Risk Exposure to Avoid Costly Penalties
By McDermott Will & Emery on Apr 11, 2017
Posted In Health and Welfare Plans
In a recent presentation, McDermott attorneys discussed how to prepare responses for a Department of Labor (DOL) investigative audit of a company’s health and welfare plan, including required documentation and procedures, DOL audit triggers, and key legal provisions that employers and employee benefits advisers should monitor regularly and review prior to responding to a DOL...
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Private Equity Compliance with ERISA: Navigating Manager Fiduciary Duties for Funds Holding ERISA Plan Assets
By McDermott Will & Emery and Todd Solomon on Mar 30, 2017
Posted In Employee Benefits, Fiduciary and Investment Issues
On February 28, Todd Solomon and Maureen O’Brien presented a Strafford live webinar, “Private Equity Compliance With ERISA: Navigating Manager Fiduciary Duties for Funds Holding ERISA Plan Assets”. ERISA imposes fiduciary obligations on funds that hold employee benefit plan assets, including private equity managers responsible for investing fund assets. Managing those fiduciary obligations requires knowledge...
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Manager Amendments to the American Health Care Act
By McDermott Will & Emery on Mar 23, 2017
Posted In Employee Benefits, Health and Welfare Plans
On Monday March 20, 2017, technical and policy amendments to the American Health Care Act of 2017 (AHCA) were introduced to address concerns by more conservative Republicans. The House just announced they are delaying the vote on the AHCA likely due to the uncertainty that it would pass. Read the full article.
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American Health Care Act: Considerations for Employers
By McDermott Will & Emery on Mar 9, 2017
Posted In Employee Benefits, Health and Welfare Plans
On Monday March 6, 2017, the House Republican leadership in the Energy and Commerce and Ways and Means Committees unveiled their signature bill to “repeal and replace” the Affordable Care Act (ACA). The “American Health Care Act” (AHCA) is an effort to make good on President Trump’s promise to dismantle the ACA. Democrats are united...
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