"[EBSA] will hold a virtual public hearing regarding the proposed amendment to its prohibited transaction exemption filing and processing procedures.... The public hearing will be held on September 15, 2022, and (if necessary) September 16, 2022 ... [The] comment period for the proposed amendment [will be reopened] on September 15, 2022. The Department will publish a Federal Register notice announcing that the hearing transcript is available on EBSA's webpage and when the reopened comment period closes."   MORE >>

"[IRS PLR 202230006 ruled] that the three receiving [DC] plans collectively met the conditions to be treated as a [qualified replacement plan (QRP)] even though they did not separately meet the conditions.... The IRS also addressed the allocation of the excess assets among the three receiving plans."   MORE >>

"[1] Updates to the financial eligibility thresholds for registered investment advisers (RIAs), banks, savings and loan associations, and insurance companies ... [2] New QPAM filing requirement ... [3] Proposed changes to the ten-year disqualification ... [4] Wind down for disqualified QPAMs ... [5] Recordkeeping ... [6] Mandatory management agreement language."   MORE >>

"The [DOL's] proposed amendment to the QPAM Exemption would impose stricter conditions and make it more difficult for managers to avail themselves of one of the most commonly utilized ERISA exemptions."   MORE >>

"The Seventh Circuit based its conclusion on the fact that an independent fiduciary, rather than the Boeing defendants, had exclusive fiduciary responsibility for the company stock fund and therefore [Boeing] had no duty to disclose corporate insider information to the participants or the independent fiduciary." [ Burke v. The Boeing Company , No. 19-2203 (7th Cir. Aug. 1, 2022)]   MORE >>

35 pages.  Employee Benefits items begin on page 3.   MORE >>

"This article will endeavor to provide a practical overview of ERISA, followed by some pointers for how to spot and address ERISA problems that commonly arise in the employment law context.... [1] ERISA: A brief overview ... [2] ERISA's requirement of a 'full and fair review' ... [3] Common ERISA mistakes employment lawyers make."   MORE >>