Viewpoints by Edward J. Pirrera, J.D., at John Hancock Retirement
In this role, Ted assists clients with plan design and is responsible for identifying and resolving administrative, operational, and legal issues to ensure compliance with ERISA, IRS, and U.S. Department of Labor requirements. He joined John Hancock in January 2010, and has more than 15 years’ legal experience. Prior to John Hancock, Ted was an associate attorney at The Wagner Law Group. He earned a B.A. in History from Boston College and a J.D. from Suffolk University Law School. In addition, Ted is a member of the Massachusetts Bar Association and a member of the Bar of the U.S. District Court for the District of Massachusetts.
Proposed regulations on the use of forfeitures in qualified retirement plans and four best practices
Get clarification on timing and usage of forfeitures in defined contribution plans in light of the IRS’ proposed regulations on the “Use of Forfeitures in Qualified Retirement Plans."Read more
Over the past few years, individual investors have become increasingly interested in investing in cryptocurrency. As a result, the U.S. Department of Labor (DOL) issued Compliance Assistance release No. 2022–01 401(k) Plan Investments in “Cryptocurrencies” (the release) to provide its initial guidance on the matter. It’s important to understand that guidance and how it might apply to your plan.Read more
On April 29, the EBSA, a branch of the DOL, issued EBSA Disaster Relief Notice 2020-01, offering relief for plan sponsors and easing certain provisions for companies affected by COVID-19.Read more
The FFCRA requires certain employers to provide paid time off for employees who meet specific COVID-19-related criteria, and it contains two provisions of which plan sponsors should be aware.Read more