On January 20, within hours of taking the oath of office, President Trump signed an Executive Order widely viewed as the first step toward ACA repeal. Rebecca Sczepanski discusses what this means for employers.
Most business conflicts risk only business assets, but both personal liability and criminal penalties are possible under ERISA, the federal law that governs 401(k) plans. Attorney Rebecca Sczepanski discusses 401(k) plans in this article for Business in Savannah.
The United States Supreme Court’s 2013 Term ended June 30 with the high-profile Hobby Lobby opinion, which raised more questions than it answered. In a 5-4 decision, the Supreme Court held that the Affordable Care Act’s contraception mandate, as applied to for-profit closely-held corporations with religious objections, violates the Religious Freedom Restoration Act (RFRA) and is therefore unlawful. The full impact of the Hobby Lobby decision is yet to be seen and developments occur daily.
New options available under the Affordable Care Act may provide savings for employers providing COBRA coverage, for newly eligible COBRA beneficiaries, and for a short window of time, for current COBRA beneficiaries as well. These coverage options introduce new opportunities for employers to reduce COBRA costs and new complexities in coordinating coverage and severance benefits.
Having a well-managed retirement plan is a benefit for employees, their beneficiaries, and their employer. High-profile cases currently working their way through the courts illustrate the high stakes associated with a failure to monitor and manager 401(k) plan fees and expenses. CEOs need to be vigilant about clearly defining and fulfilling fiduciary responsibilities when it comes to managing retirement plans.
By Rebecca L. Sczepanski, published in June 2002 in McGraw Wentworth Benefits Advisor 5, no. 4.
By Rebecca L. Sczepanski, published in Wayne Law Review 42, no. 1 (Fall 1995).