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ERISA & Employee Benefit Plans
MONDRESS MONACO PARR LOCKWOOD PLLC
MMPL is a Seattle, Washington law firm of highly skilled attorneys representing ERISA and employee benefit plans and trust funds, their sponsors, fiduciaries and trustees, and institutional service providers throughout the Pacific Northwest and nationwide. Since the firm’s entire practice is concentrated on employee benefits law, we offer comprehensive and experienced tax, fiduciary and trust, ERISA compliance, and litigation counseling. Learn more.
A recent Ninth Circuit decision has given plan sponsors a powerful new tool to limit plan-wide relief for fiduciary breach claims. Typically, plan participants can bring a claim in court for breach of fiduciary duty on their own behalf, as well as on behalf of the plan or a class of participants. Litigating these claims can be costly and time consuming. In response, some plan sponsors have amended their plans to require arbitration of claims on an [...]
The 2017 tax reform legislation eliminated the individual mandate penalty under the Affordable Care Act (ACA) for when an individual does not maintain health coverage. Thereafter, several states sued the federal government, alleging that this change made the ACA unconstitutional, and the federal district court for the Northern District of Texas agreed in a December 2018 ruling. Texas v. United States, 340 F. Supp. 3d 579 (N.D. Tex. 2018). The court relied on the Supreme Court’s [...]
In October 2018, the DOL issued proposed regulations that would permit the establishment of association retirement plans. The proposed regulations are similar to the DOL’s regulations permitting the establishment of association health plans that were finalized in June 2018. As proposed, the regulations would be limited to defined contribution plans. In 2014, the Supreme Court eliminated the presumption that employer stock is a prudent investment. However, to sue retirement plan fiduciaries for employer stock losses, plaintiffs must allege what [...]