Benefits Law Group of Chicago

70 W. Madison St., Suite 1500 Chicago, IL 60602   (312)696-1373   aswilliams@gct.law

Benefits Law Group of Chicago, a web site maintained by the Employee Benefit Department of the Chicago, Illinois law firm, Golan Christie Taglia LLP,  provides information on:

Group health insurance (including COBRA and HIPAA
Pension and retirement plans (including IRAs, 401(k) plans, thrift plans, ESOPs and IRS compliance resolution system filings)
ERISA and ERISA compliance (including benefit claims and fiduciary duties)
Qualified domestic relations orders (QDROs), age discrimination and gender discrimination
Executive compensation (including deferred compensation and non-compete agreements as well as Section 409A compliance)
Other state and federal employment matters, including ADA, ADEA and Illinois employment law

Benefits Law Group of Chicago is a resource for HR professionals and human resource departments of private companies and not-for-profit organizations such as hospitals and medical centers, universities, associations and charitable organizations.

Recent Benefits Bulletins

Court Case Clears the Way for Illinois Secure Choice Program

4/12/19

The Illinois Secure Choice Savings Program requires employers with at least 25 Illinois employees to set up a state-sponsored IRA based retirement program if they do not already have a retirement plan. Although the program is funded solely by payroll contributions from employees, subject employers must go ...

Will a MEP Plan Solve Your 401(k) Fiduciary Problems?

2/26/19

Department of Labor proposed regulations would allow certain employers (including employer groups or associations) and business owners with no employees to share a single 401(k) plan. This arrangement would transfer administrative and compliance responsibility to the sponsor of the retirement plan under a multiple employer plan ...

ERISA 2018 Hall of Shame

1/24/19

We have an award winner for 2018: Florida eye doctor Samuel Poppell.

In McLain v. Poppell, it was alleged that Dr. Poppell, owner of the Emerald Coast Eye Clinic and trustee of its 401(k) plan with total investment discretion, invested plan assets primarily in VirnetX, a ...

ERISA Fiduciary Duties: How to Help Your Clients

11/19/18

Whether you are an accountant, lawyer, banker, business consultant or investment advisor, many of your business clients will have a 401(k) or other qualified retirement plan. You may not specialize in retirement plans, but consider the following as the kinds of things you might do to ...

Are No Fee Funds A No-Brainer?

10/24/18

No fee mutual funds are here!

Fidelity recently announced domestic and international “index” funds that would charge no management fees – and no transaction fees when purchased directly from Fidelity.

The no fee structure appears to be more than a come on, and industry sources report that Fidelity ...

Beyond Investments: The Other 401(k) Responsibilities

9/17/18

We’ve all read about the lawsuits questioning an employer’s 401(k) investment fund selections and related claims of excessive fund costs. And typically a plan’s professional investment advisor (yes – you should have one unless you have an investment professional on staff) meets with company ...

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