As private equity firms eye 401(k) plans, industry lobbying efforts are expected to intensify under the Trump administration. This push raises complex ERISA issues that fiduciaries must navigate, Carol Buckmann explained in her conversation with InvestmentNews editor Emile Hallez.Key takeaways from the article include:
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Participant data and plan assets are a tempting target for internet thieves. The Department of Labor says that plan fiduciaries have an obligation to mitigate cybersecurity risks, but they may be unsure how to fulfill their responsibilities or unfamiliar with existing guidance on how to keep data and assets secure. On the flip side, since…
2024 is ending with a swing back to a Republican Administration, a plan to cut back on the federal bureaucracy, and a focus on shoring up Social Security. The scheduled expiration of the 2017 Tax Cuts and Jobs Act at the end of 2025 also looms on the horizon. However, it is to be hoped…
The SEC recently fined GQG Partners, a Florida based investment adviser, $500,000 for language in their agreements with employees, candidates and a former employee that did not provide Whistleblower protection. These employment agreements agreements included confidentiality language that restricted the counterparties from freely communicating with the SEC.What is the Whistleblower Protection Rule?Rule 21f-17 prohibits any…
Cohen & Buckmann P.C. Co-Founder and Managing Partner Sandra Cohen has been named to the Top 50: 2024 Women New York-Metro Super Lawyers list.The list recognizes attorneys with the top 50 highest scores from the selection process for all women nominated to Super Lawyers, from more than 70 practice areas who have attained a high…
Everyone has heard about required minimum distributions (RMDs) for retirement plans and IRAs, but few of us really know how they work. RMDs are the government’s way of limiting tax deferred savings and recouping some taxes.RMDs generally were established to ensure that individuals begin withdrawing funds from their retirement plans, like 401(k)s, and IRAs, at…
Lawdragon has once again named Cohen & Buckmann P.C.’s managing and founding partner Sandra W. Cohen and founding partner Carol I. Buckmann to its 2025 Lawdragon 500 Leading Corporate Employment Lawyers guide. The list recognizes the nation’s top advisors on workplace mobility, employee benefits and executive compensation, traditional labor matters and employment disputes. Cohen and…
Cohen & Buckmann founding partner Carol I. Buckmann and partner Gretchen Harders will provide guidance to fiduciaries who manage ERISA-covered plans and their legal advisers in an Oct. 8 webinar for the American Bar Association’s Joint Committee on Employee Benefits.Buckmann and Harders will present “The Intelligent Fiduciary: Common Problems ERISA Fiduciaries Can Avoid,” providing practical…
Cohen & Buckmann founding partner Carol I. Buckmann is set to moderate an upcoming webinar on ERISA’s 50th anniversary, hosted by the Worldwide Employee Benefits (WEB) Network and co-sponsored by Cohen & Buckmann. The complimentary webinar, titled “Retirement Saving, Pensions, and ERISA at 50: Where Do We Go From Here?” will take place on…
In a ruling that was predicted by many employment experts, a federal judge in the Northern District of Texas ruled on August 20, 2024 that the Federal Trade Commission cannot enforce its new rule (the “Non-Compete Ban”) that would have imposed a nationwide ban on most non-compete covenants. We previously wrote about the proposed FTC…
