Media Mentions
2011
“Department of Labor Proposes Additional Disclosure Rules for QDIAs and TDFs”
BNA Tax and Accounting Report, May 2011
Paul Compernolle, Diane Morgenthaler and Lisa Loesel, writing in this bylined article, described proposed regulations requiring additional disclosures for a participant’s investment in qualified default investment alternatives (QDIAs) and target date funds (TDFs). The proposed regulations will impact plan sponsors, fiduciaries and administrators, and the authors urged these entities to familiarize themselves with the new requirements now, as the comment period has expired and the rules will become effective 90 days after their publication in final form.
Paul J. Compernolle, Lisa K. Loesel, Diane M. Morgenthaler, Employee Benefits
2006
Diane Morgenthaler was featured in the October 2006 issue of What to Do About Personnel Problems in an article about making ERISA work for you. The article discusses Ms. Morgenthaler's presentation at the 7th Annual Illinois HR Conference and Exposition in August. "ERISA is actually an employer's dream," Ms. Morgenthaler said. She explains that if an employer’s benefit plan adheres to simple standards set out in the law itself, and in subsequent court decisions, a plan can become practically litigation proof.
Diane M. Morgenthaler, Employee Benefits, Employee Benefits Litigation
Diane Morgenthaler was quoted by CNNMoney.com and Dow Jones on August 7 regarding the federal appeals court ruling that IBM's cash-balance pension plan does not discriminate against older workers. Diane predicted that more companies will convert their traditional pensions to cash- balance plans. "Employees think it's a better benefit because it's portable," she said of the cash-balance plans. "Employers like it better because it's easier to explain."
Diane M. Morgenthaler, Employee Benefits
Diane Morgenthaler was quoted in the February 17 edition of The CQ Researcher in an article about how many private pension plans will not be able to pay the benefits they have promised, requiring more of the responsibility of saving for retirement to fall to the individuals. "We've begun a trend [in which] employees will have to take more and more responsibility for their own retirements," Ms. Morgenthaler said. "While there will be employer benefits, we'll see more and more individuals funding their own retirements," she added.
