The SECURE 2.0 Act of 2022 (SECURE 2.0) provides welcome relief to private sector single employer sponsors of defined benefit pension plans (Pension Plan(s)). Effective for plan years beginning on and after January 1, 2024, SECURE 2.0 caps the variable rate premium paid by Pension Plan sponsors to the Pension Benefit Guaranty Corporation (PBGC) at
M. Travis DeHaven
M. Travis DeHaven is a principal in the Atlanta, Georgia, office of Jackson Lewis P.C. Travis is invested in providing each of his clients with strategic advice to accomplish their desired business goals and outcomes.
For more than 30 years, Travis has focused his practice on all matters related to employee benefits and executive compensation including: employee benefits in mergers and acquisitions, private equity, cybersecurity, privacy and data protection and ERISA litigation.
Travis frequently provides strategic advice to boards of directors and advises plan fiduciaries and board members regarding their separate fiduciary duties, including those arising where company stock is offered as a form of plan investment. He works with clients on plan administration compliance including negotiating third party service provider contracts and voluntary self-correction matters, qualified and nonqualified deferred compensation design and compliance, incentive compensation and equity plans and arrangements, compliance with IRC 409A, and mergers and acquisitions.
Fiduciary Investment Advice: Implications Of Department Of Labor Prohibited Transaction Exception 2020-02
Employers who sponsor and maintain retirement plans on behalf of their employees and who engage investment advisors to provide investment-related advice to participants may take comfort in knowing there is a new prohibited transaction exemption under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”) and the Internal Revenue Code (the “Exemption”) designed…