Bowles Rice The Benefits Brief
 
 
  Practice Area Members:
• Lesley A. Russo
  (Practice Area Contact)
• Erin C. V. Bailey
• Lynn S. Clarke
• Jill E. Hall
  • Melody A. Simpson
 
  Bowles Rice Related
Practice Areas:
  • Employee Benefits,
  Executive Compensation &
  ERISA
  • Commercial &
  Financial Services
  • Labor & Employment
  • Tax
 
July 2008
   
 
 

We are pleased to provide this second edition of "The Benefits Brief," providing important and timely information impacting all areas of Employee Benefits and
Executive Compensation.

We hope you will find something in this edition that will be of value to you and your business. Your comments and feedback are welcome and appreciated.

   
 
       

EMPLOYEES FIND RELIEF FROM THE HEAT: REDUCING
    401(K) FIDUCIARY LIABILITY THROUGH QUALIFIED
    INVESTMENT ALTERNATIVES

By: Erin C. V. Bailey
When the U.S. Department of Labor (DOL) issued final rules and guidance in Qualified Default Investment Alternatives (QDIA) last year, the goal was to encourage automatic enrollment initiatives in 401(k) retirement plans by alleviating employers' fears regarding potential liability arising from the default investment options given to participants who are not active in directing their own investments.  MORE...
 
  Retirement & Fiduciary Protection   Executive Compensation  
 
 
 

ARE YOU READY FOR AN IRS
    RETIREMENT PLAN AUDIT?

By: Lesley A. Russo
In its Summer 2008 edition of Employee Plan News, the IRS makes clear that it expects employers and sponsors of retirement plans to produce or have access to electronic information and documentation under the control of third party administrators or provider.  MORE...
 
  EXECUTIVE TOP HAT PLANS MAY
    NEED REVIEW

By: Lynn S. Clarke
Recent cases reveal that top hat plans may need review to avoid unexpected and adverse consequences if participation is not properly limited so that the plan primarily benefits persons who in fact meet the definition in court cases and administrative guidance of "a select group of management and highly compensated employees." MORE...
 
 
  Health & Other Benefits   Important Deadlines  
 
 
  GENETIC INFORMATION     NONDISCRIMINATION ACT

By: Jill E. Hall
President Bush signed into law the Genetic Information Nondiscrimination Act ("GINA") on May 21, 2008, thirteen years after the law was first introduced.  MORE...
 
  BEGIN YEAR END COMPLIANCE
    REVIEWS NOW!

By: Melody A. Simpson
If you wait until year end to think about these significant IRS deadlines, it may be too late. MORE...
 
         

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