Insights

Insights by Michael Abbott

Employee benefits and tax lawyer Michael Abbott is a leading advisor to companies, executives, and fiduciaries with sophisticated employee benefits and executive compensation needs, particularly in the tech, energy, and private equity sectors. A partner in the firm’s Employee Benefits & Executive Compensation and Taxation Practices, Michael has a significant employee benefits presence representing clients in the live entertainment, medical device, chemical, school bus, transit, and transportation industries.

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Michael Abbott

15 January 2025 Innovative Technology Insights

New Artificial Intelligence (AI) Regulations and Potential Fiduciary Implications

Fiduciaries should be aware of recent developments involving AI, including emerging and recent state law changes, increased state and federal government interest in regulating AI, and the role of AI in ERISA litigation.

14 October 2024

401(k) Compliance Check #6: Have You Recently Checked Your 401(k) Plan’s Definition of Compensation for Deferral and Match Purposes?

In this month’s 401(k) Compliance Check, we focus on your 401(k) plan’s compensation definition for deferral and match purposes.

20 October 2021 Foley Viewpoints

401(k) Plan Top 10 Year End Laundry List

No one really appreciates laundry, but having a calendar year-end top 10 list may be exactly what plan sponsors and administration committees need in order to prevent operational or document compliance issues being raised by a 401(k) plan participant or beneficiary, the Internal Revenue Service (“IRS”), or the U.S. Department of Labor (“DOL”).

14 April 2021 Blogs

Overview of New DOL Guidance for the COBRA Subsidy Mandate – Including Helpful Charts Summarizing New Notice Requirements

The Department of Labor (“DOL”) has recently issued model notices and forms that can be used to comply with the new subsidized COBRA requirements created by the American Rescue Plan Act of 2021 (“ARPA” or “ARP”).

Insights

Insights by Michael Abbott

New Artificial Intelligence (AI) Regulations and Potential Fiduciary Implications

The Fast Follower’s Guide to Recent AI Law

Generative Artificial Intelligence (AI) and 401(k) Plan Fiduciary Implications

Diving into SECURE 2.0: Important ESOP Updates

Diving Into SECURE 2.0: Changes for Small Employer Retirement Plans

401(K) Compliance Check #11 – Tackling Beneficiary Designations

401(k) Compliance Check #6: Have You Recently Checked Your 401(k) Plan’s Definition of Compensation for Deferral and Match Purposes?

401(k) Plan Top 10 Year End Laundry List

Overview of New DOL Guidance for the COBRA Subsidy Mandate – Including Helpful Charts Summarizing New Notice Requirements