Every fall, employers sponsoring health and welfare benefit plans turn their attention to benefit design for the coming year. As a result, the open enrollment season provides the perfect opportunity to ensure current welfare benefit legal requirements are kept up to speed: plan documents and summary plan descriptions; annual notices; and nondiscrimination testing. Added to the checklist this year: the “One Big Beautiful Bill Act” (Pub. L. No. 119-21) (“OBBBA”). First, this Client Alert will review [...]

The congressional budget reconciliation bill, which President Donald Trump signed on July 4, 2025, includes various provisions of interest to employee benefits and executive compensation attorneys. No Impact on Tax Provisions Related to Employer-Sponsored Health and Retirement Benefit Plans The GOP mega budget reconciliation package made no changes to individual and business tax provisions that concern employer-sponsored health and retirement benefit plans. Discontinuation or decreases in retirement tax benefits were a possibility when Congress [...]

It is increasingly evident that artificial intelligence (AI) is reshaping all facets of business, and its impact on employee benefit plans is no exception. From automating plan administration to personalizing participant communications, AI introduces both new opportunities and new responsibilities for those overseeing Employee Retirement Income Security Act of 1974 (ERISA)-covered retirement and health plans (Plans). Plan sponsors and fiduciaries should understand how AI intersects with their legal obligations under ERISA and take proactive [...]