Teal Trujillo
Subscribe to Teal Trujillo's PostsTeal Trujillo focuses her practice on employee benefits and executive compensation matters for public and private companies. She regularly leads due diligence and advises on liability related to retirement plans, health and welfare plans and executive compensation in stock purchase and asset purchase transactions. Read Teal Trujillo's full bio.
Save It for a Rainy Day: Recent Amendment Extensions for Qualified Retirement Plans, 403(b) Plans and Individual Retirement Accounts
By Teal Trujillo, Allison Wilkerson and Diane Morgenthaler on Sep 21, 2022
Posted In Executive Compensation, Fiduciary and Investment Issues, Retirement Plans
The Internal Revenue Service (IRS) recently issued needed relief to extend some amendment deadlines for non-governmental qualified retirement plans and 403(b) plans, and for individual retirement accounts (IRAs) under the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act), the Bipartisan American Miners Act of 2019 (Miners Act), and certain provisions of...
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Proposed IRS RMD Regulations Present Challenges, Risks for 403(b) Plans
By Teal Trujillo and Todd Solomon on Apr 12, 2022
Posted In Employee Benefits, Employment, Fiduciary and Investment Issues, Retirement Plans
The Internal Revenue Service (IRS) is strategically working to execute the statutory changes that were outlined by the Setting Every Community Up for Retirement Enhancement Act (SECURE Act) of 2019. However, the IRS’s efforts to streamline the required minimum distribution (RMD) requirements for Internal Revenue Code (IRC) Section 403(b) plans with Section 401(a) qualified plans,...
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Issues Mount as Health Plans Offer At-Home COVID-19 Tests
By Jacob Mattinson and Teal Trujillo on Feb 10, 2022
Posted In Benefit Controversies, Employee Benefits, Health and Welfare Plans
The Biden administration’s January guidance that group health plans and insurers cover the costs of at-home COVID-19 tests has rattled insurers and employers. According to this SHRM article, insurers’ data processing systems have had difficulty paying for tests purchased by consumers at pharmacies, and self-insured employers have struggled to identify the best way to pay...
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Are Out-of-Pocket Costs on Their Way Out? At-Home COVID-19 Testing and Expanded Preventative Healthcare for Women and Children
By Jacob Mattinson and Teal Trujillo on Jan 14, 2022
Posted In Employee Benefits, Employment, Health and Welfare Plans
In response to a directive from the White House, based on provisions of the Families First Coronavirus Response Act (FFCRA) and the Coronavirus Aid, Relief and Economic Security (CARES) Act that eliminated cost sharing for COVID-19 diagnostic testing, three federal government departments—the US Department of Health and Human Services (HHS), the US Department of Labor...
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How to Apply the IRS’s COBRA Premium Subsidy Guidance
By Jacob Mattinson, Sarah Raaii, Teal Trujillo and McDermott Will & Emery on Jun 9, 2021
Posted In Employee Benefits, Employment, Health and Welfare Plans
On May 18, 2021, the Internal Revenue Service (IRS) issued much-anticipated Notice 2021-31 (the Notice) regarding the Consolidated Omnibus Budget Reconciliation Act (COBRA) premium subsidy provisions of the American Rescue Plan Act of 2021 (ARPA). Under ARPA, a 100% COBRA premium subsidy and additional COBRA enrollment rights are available to certain assistance eligible individuals (AEIs)...
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DOL Issues Clarification for ERISA-Governed Group Health Plans
By Jacob Mattinson and Teal Trujillo on Mar 17, 2021
Posted In Employee Benefits, Health and Welfare Plans
Two days before the one-year anniversary of the official start of the COVID-19 outbreak, the US Department of Labor (DOL) issued a last-minute notice clarifying its prior guidance that relaxed the deadlines for the Employee Retirement Income Security Act-governed group health and welfare plans (ERISA) related to the Consolidated Omnibus Budget Reconciliation Act (COBRA) and...
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