Many 401(k) plans allow participants to invest in a number of funds, including a “stable value” fund.
A recent court case, involving Maersk’s 401(k) plan, just decided last week, focused on their stable value fund.
On July 15, 2026, the U.S. District Court for the District of Massachusetts largely dismissed a proposed class action against…
Are your sick leave practices ready for upcoming compliance changes?
New York City has adopted amended final rules regarding paid and unpaid sick/safe time requirements. The new rules take effect July 23, 2026.
Most of the changes reflect the requirements that became effective earlier this year and the guidance previously issued by the City. However…
New Jersey employers:
Recent amendments to the New Jersey Family Leave Act (NJFLA), which take effect on July 17, 2026, expand leave protections for employees and compliance obligations for employers. The NJFLA provides employees with up to 12 weeks of unpaid, job protected leave within a 24-month period to bond with a new child or…
Virginia Employers:
Employment law developments continue to be red hot. In the last month, we have updated our followers on significant updates relating to non-competes, pay transparency, and paid family leave.
Since these updates, Virginia has enacted a statewide paid sick leave mandate, joining the continuously growing list of states and localities requiring employers to…
If a 401(k) investment underperforms, does that mean the fiduciary made the wrong call? Not necessarily.
A new DOL proposal puts the focus squarely on how decisions are made, not just how investments perform.
Our latest Benefits + Compensation alert breaks down the proposed “safe harbor” for investment selection and what fiduciaries should be thinking…
Under SECURE 2.0, for plan years beginning after December 31, 2025, employer-sponsored retirement must provide a minimum number of statements on paper (for defined contribution plans at least 1 annually and for defined benefit plans at least once every 3 years).
On May 12, 2026, the Department of Labor (DOL) issued guidance stating that, because…
What matters more when selecting 401(k) investments: results or process? A new proposal from the U.S. Department of Labor suggests the answer may be clearer than ever.
In a newly issued Benefits + Compensation alert, Mark Bokert, Alan Hahn, AliceRose Sherman, and William Szanzer break down the DOL’s proposed fiduciary “safe harbor” for investment selection…
First in the South: Virginia Enacts Paid Family & Medical Leave
Virginia has become the first southern US state to enact a statewide paid family and medical leave (PFML) program. It joins roughly 15 total states + D.C. in enacting PFML.
The new program will kick off with contributions and benefit payments beginning in 2028…
Attention Illinois employers:
The Illinois Family Neonatal Intensive Care Leave Act (NICLA) will become effective on June 1, 2026. This law provides unpaid leave to parents with infants in the NICU. The requirement applies to employers with 16 or more employees and provides up to 10 days of unpaid leave if an employer has between…
Attention Maine employers:
Starting May 1, 2026, benefits become available to Maine employees under the state’s Paid Family and Medical Leave (PFML) program. Maine’s PFML law provides eligible employees with up to 12 weeks of job-protected leave for medical, bonding, family care, and safety needs. PFML applies to the majority of employers regardless of size…
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