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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.

LEGAL DEVELOPMENTS IMPACTING RETIREMENT PLANS – 2019 YEAR-END UPDATE

In December 2019, Congress passed the Setting Every Community Up for Retirement Enhancement Act (SECURE Act) as part of the Appropriations Act. See our article for additional information. Pursuant to an Executive Order, the IRS proposed updates to the actuarial tables for required minimum distributions (RMDs) to reflect longer life expectancies, resulting in lower RMD payments. The IRS finalized regulations on hardship distributions from 401(k) plans that implement changes in the 2018 Bipartisan Budget Act. The final [...]

LEGAL DEVELOPMENTS IMPACTING HEALTH AND WELFARE PLANS – 2019 YEAR-END UPDATE

In December 2019, the Fifth Circuit Court of AppealsTexas v. United States, 945 F.3d 355 (5th Cir. 2019), as revised (Dec. 20, 2019).  struck down the individual mandate penalty under the Affordable Care Act (ACA) for an individual who does not maintain qualifying health coverage. Although a federal judge in Texas found this conclusion invalidated the entire ACA, the Fifth Circuit was unconvinced. On January 21, 2020, the Supreme Court rejected a request for expedited review. For now, [...]

SECURE Act and the Further Consolidated Appropriations Act, 2020

  On December 20, 2019, President Trump signed into law the Further Consolidated Appropriations Act, 2020.Pub. L. No. 116-94, 133 Stat. 2,534 (2019). In citations, Division O of this law is hereinafter cited as the “SECURE Act.”   This law includes Division O, Setting Every Community Up for Retirement Enhancement (also known as the “SECURE Act”). Several provisions of the Act are described below. RETIREMENT PLANS Following the death of a defined contribution plan participant or an [...]