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

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 ...

Is Illinois Secure Choice Your Best Option?

8/6/18

Employers with 25 or more employees in Illinois will be subject to the Secure Choice Savings Program Act (the “Act”) if they do not already have an employer sponsored retirement arrangement like a 401(k) plan. For such employers with 500 or more Illinois employees that have ...

Fund Options That Protect 401(k) Fiduciaries

6/29/18

Fiduciaries who handle investments for 401(k) and other self-directed retirement plans (such as 403(b) plans for not-for-profit organizations) are increasingly exposed to liability for their investment decisions. Those fiduciaries, including employers and any individuals charged with investment decision making, are being second guessed for the ...

Are You A "Checkbook Fiduciary?"

5/10/18

There are judicial decisions holding that a business owner can be personally responsible when the owner has control over company finances and exercises such authority by paying company creditors instead of making required payments to a welfare benefit plan. But a recent decision of the U.S ...

Business Succession - Is There Another Way?

5/18/17

You’re a successful business owner and you’d like to plan ahead. Professionals are urging you to prepare a “succession plan” – but you look at it as a retirement plan. Getting out of the daily grind might be nice, but giving up your life’s work ...

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