Jeffrey Holdvogt
Subscribe to Jeffrey Holdvogt's PostsJeffrey (Jeff) M. Holdvogt regularly counsels public and privately held companies and tax-exempt organizations on a wide range of employee benefits matters. These include the design and administration of complex pension, 401(k) and 403(b) plans, nonqualified and executive deferred compensation arrangements, fiduciary and plan investment issues under the Employee Retirement Income Security Act (ERISA), internal compliance reviews and voluntary correction filings, and benefit plan matters arising from mergers and acquisitions, as well as other ongoing day-to-day retirement and executive compensation issues. Read Jeff Holdvogt's full bio.
Three Key Employee Benefit Plan Issues for Health Systems in 2017
By McDermott Will & Emery and Jeffrey Holdvogt on Feb 2, 2017
Posted In Benefit Controversies, Employee Benefits, Health and Welfare Plans
Health system employers should make sure they are familiar with three key employee benefit issues: (1) the new Department of Labor (DOL) fiduciary rule that currently becomes effective April 10, 2017 (but may be delayed in the near future under the new administration); (2) recent excessive fee litigation filed against universities (and now health care...
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Payroll Get Ready — Employers Face New January 31st Filing Deadline for W-2 and 1099-MISC Forms
By Jeffrey Holdvogt and Ruth Wimer on Nov 10, 2016
Posted In Employment
Beginning with W-2 forms filed with respect to 2016 wages, a new law requires employers to file the government copy by January 31, 2017, for both paper and electronic copies. The accelerated deadline also applies to 1099-MISC forms for independent contractors. Read the full article.
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IRS Announces Employee Benefit Plan Limits for 2017
By Diane Morgenthaler, Jeffrey Holdvogt and Jacob Mattinson on Oct 28, 2016
Posted In Employment, Health and Welfare Plans, Retirement Plans
The Internal Revenue Service recently announced the cost-of-living adjustments to the applicable dollar limits for various employer-sponsored retirement and welfare plans for 2017. Although some of the dollar limits currently in effect for 2016 will change, the majority of the limits will remain unchanged for 2017. Read the full article here.
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Reports on Increase in Retirement Plan Audits Further Illustrate the Need for Plan Sponsors to Focus on Administrative Compliance
By Jeffrey Holdvogt on Sep 13, 2016
Posted In Retirement Plans
Recent reports show that the number of retirement plan audits by government agencies is increasing. A survey released by Willis Towers Watson indicates that one in every three plan sponsors has experienced a retirement plan audit by a government agency in the past two years. Unofficial reports also indicate that the US Department of Labor...
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IRS Regulations Provide That Certain Employees of Partnerships Now Have Self-Employment Status for Employee Benefit and Tax Purposes
By Jeffrey Holdvogt and Ruth Wimer on May 17, 2016
Posted In Employment, Executive Compensation, Health and Welfare Plans
The IRS and US Department of Treasury have issued final and temporary regulations which address benefit and self-employment tax issues regarding partners in a partnership which is the sole owner of a second, wholly owned legal entity. The regulations are intended to clarify that where the partners are separately working for the second legal entity,...
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DOL Official Says Office Is Investigating Large Defined Benefit Plans Regarding Locating and Paying Terminated Vested Participants
By Jeffrey Holdvogt on Apr 14, 2016
Posted In Labor, Retirement Plans
Recent comments from an official with the Department of Labor (DOL) indicate that the DOL’s Employee Benefits Security Administration (EBSA) has begun investigating large defined benefit plans to review how plan administrators are keeping track of benefits owed to terminated vested participants and if they are really paying participants like they should be. According to...
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IRS Expands Ability of Safe Harbor Plan Sponsors to Make Mid-Year Changes
By McDermott Will & Emery, Jeffrey Holdvogt and Stephen Pavlick on Mar 15, 2016
Posted In Employee Benefits, Employment, Retirement Plans
The IRS recently issued guidance providing safe harbor 401(k) plan sponsors with increased flexibility to make mid-year plan changes. Notice 2016-16 sets forth new rules for when and how safe harbor plan sponsors may amend their plans to make mid-year changes, a process which traditionally has been subject to significant restrictions. Read the full article.
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New Legislation Extends Future Form 5500 and 990 Deadlines, Affects Veterans Health Benefits and Extends Excess Pension Asset Transfer Rules
By Jeffrey Holdvogt and Sarah L. Engle on Oct 30, 2015
Posted In Benefit Controversies, Employee Benefits, Health and Welfare Plans, Retirement Plans
The recently enacted Surface Transportation and Veterans Health Care Choice Improvement Act of 2015 includes provisions that will extend the deadlines for filing future Form 5500 and Form 990 series information returns. In addition, the legislation modifies rules relating to the ability of veterans to participate in health savings accounts (HSAs), allows employers to disregard...
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IRS Announces Employee Benefit Plan Limits for 2016
By Diane Morgenthaler, Jeffrey Holdvogt and Jacob Mattinson on Oct 23, 2015
Posted In Employee Stock Ownership Plans (ESOPs), Health and Welfare Plans, Retirement Plans
The Internal Revenue Service (IRS) recently announced the cost-of-living adjustments to the applicable dollar limits for various employer-sponsored retirement and welfare plans for 2016. Although some of the dollar limits currently in effect for 2015 will change, the majority of the limits will remain unchanged for 2016. Read full article.
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Recent IRS Guidance Prohibits Lump-Sum Windows for Pension Retirees, Updates Pension Mortality Tables for 2016
By Jeffrey Holdvogt and Maggie McTigue on Sep 3, 2015
Posted In Employee Benefits, Employment, Retirement Plans
The Internal Revenue Service (IRS) recently issued two significant notices for employers that sponsor defined benefit pension plans, particularly those considering lump-sum windows as a “de-risking” option for their plans. In Notice 2015-49, the IRS notified plan sponsors that they are no longer permitted to offer retirees in pay status the option to take a...
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