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Sponsors of Participant-Directed 401(k) Plans Should Not Ignore the Proposed Disclosure Requirements
Employers sponsoring participant-directed 401(k) plans face a quandary with respect to all the new fee disclosure requirements being put forth by the Department of Labor. While it is clear that there will be extensive new rules for plan sponsors requiring disclosure of plan and service provider fees to participants, gathering of fee data from service providers in order to make reasonable decisions, and reporting of fee information to the government, it is far from clear when these rules will be effective.
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New York's Latest Cybersecurity Commitment
On Aug. 9, 2023, Gov. Kathy Hochul introduced New York's inaugural comprehensive cybersecurity strategy. In sum, the plan aims to update government networks, bolster county-level digital defenses, and regulate critical infrastructure.
Law Firms are Reducing Redundant Real Estate by Bringing Support Services Back to the Office
A trend analysis of the benefits and challenges of bringing back administrative, word processing and billing services to law offices.
Bit Parts
Summary Judgment Denied Defendant in Declaratory Action by Producer of To Kill a Mockingbird Broadway Play Seeking Amateur Theatrical Rights
Risks of “Baseball Arbitration” in Resolving Real Estate Disputes
“Baseball arbitration” refers to the process used in Major League Baseball in which if an eligible player's representative and the club ownership cannot reach a compensation agreement through negotiation, each party enters a final submission and during a formal hearing each side — player and management — presents its case and then the designated panel of arbitrators chooses one of the salary bids with no other result being allowed. This method has become increasingly popular even beyond the sport of baseball.