ERIC urged the DOL to exclude large plans from its proposal to require service providers to distribute a guide or similar tool to fiduciaries in order to satisfy the disclosure regulations under section 408(b)(2) of ERISA.
Topic Archives:
U.S. Supreme Court Issues Adverse Decision in U.S. v. Quality Stores
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ERIC Urges Treasury to Expand Options and Provide Permanent Nondiscrimination Relief for Closed Defined Benefit Plans
ERIC submitted comments to the Department of Treasury and IRS urging the Agencies to provide permanent relief and additional options for frozen defined benefit plans to satisfy the nondiscrimination testing requirements under the Internal Revenue Code.
ERIC Files Amicus Brief with Supreme Court in Fifth Third Bancorp v. Dudenhoeffer
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ERIC Urges Supreme Court to Apply Presumption of Prudence in Plans with Company Stock
Washington, D.C. – The ERISA Industry Committee (ERIC) on February 3 filed (with other trade associations) with the U.S. Supreme Court an amicus brief in the Fifth Third Bancorp v. Dudenhoeffer case, urging the Court to apply the presumption of prudence at the pleading stage of a lawsuit. ERIC’s brief was prepared by Proskauer Rose LLP. …
ERIC Files Amicus Brief in United States v. Quality Stores before U.S. Supreme Court
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ERIC Adamantly Opposed to PBGC Premium Increase in Budget Agreement
ERIC is deeply troubled by the Congressional budget agreement that includes an increase in premiums paid to the PBGC by companies that sponsor defined benefit pension plans.
ERIC and Other Trade Groups Write to Treasury on Retroactive Effect Issues in Windsor Decision
There are numerous and complex administrative issues associated with the potential retroactive application of the U.S. Supreme Court’s decision in U.S. v. Windsor with respect to same-sex couples benefits. To that end, ERIC has joined with 13 other business trade associations in a letter asking the Treasury Department to use its authority under Internal Revenue Code section …
ERIC Urges DOL to Clarify 401(k) Fee Disclosure Guidance
ERIC urged the DOL to clarify its previous guidance providing relief with respect to the fee disclosure requirements for participant-directed individual account plans.
ERIC Argues that Court Should Not Rewrite Plan Documents
ERIC filed with the U.S. Court of Appeals for the Second Circuit an amicus brief in Osberg v. Foot Locker, Inc.