Allison Wilkerson
Subscribe to Allison Wilkerson's PostsAllison Wilkerson focuses her practice on employee benefits matters. She has extensive experience handling issues pertaining to the Employee Retirement Income Security Act of 1974 (ERISA) and employee stock ownership plans (ESOPs). Read Allison Wilkerson's full bio.
Fridays With Benefits Webinar | Quick & Easy Recipes for Fixing 401(k) Plans
By Allison Wilkerson, Brian Tiemann and Sarah L. Engle on May 9, 2019
Posted In Employee Benefits, Retirement Plans
Join us Friday, May 17, as Allison Wilkerson, Brian Tiemann and Sarah Engle join host Judith Wethall to talk through the value of conducting a proactive self-audit of 401(k) plans. They will provide best practices designed to reduce the risk of costly government investigations. Attendees will come away prepared and confident in their position, and...
Continue Reading
Get Your Game On – How To Handle IRS and DOL Audits
By Allison Wilkerson and McDermott Will & Schulte on Oct 25, 2018
Posted In Employee Benefits, Health and Welfare Plans, Retirement Plans
During the Tax in the City event held in Dallas, Erin Turley and Allison Wilkerson gave an overview of benefit plan audits and the IRS examination process. They discussed various areas of focus, including, required minimum distributions, investment issues, benefit calculations and appropriate tax reporting. They provided attendees with best practices before an audit, as...
Continue Reading
Unique ESOP Structure Considerations
By Allison Wilkerson on May 22, 2018
Posted In Employee Benefits, Employee Stock Ownership Plans (ESOPs), Fiduciary and Investment Issues, Retirement Plans
ESOP transactions continue to grow in sophistication as sellers, plan sponsors and fiduciaries seek to meet certain goals and regulatory requirements. Allison Wilkerson, and other panelists for this presentation, reviewed a number of advanced transaction structures that are being utilized more and more to address specific needs identified by one or more of the parties...
Continue Reading
Compensation for Privately Held Companies
By Allison Wilkerson on May 3, 2018
Posted In Employee Benefits, Employee Stock Ownership Plans (ESOPs), Executive Compensation
Allison Wilkerson presented on a panel at the National Center for Employee Ownership (NCEO) Conference. The panel provided an overview of issues impacting compensation matters, as well as decisions affecting privately held companies that are wholly or partially owned by an ESOP. The presentation included an analysis of certain legal requirements and a current view...
Continue Reading
ESOP Litigation Trends: Department of Labor Voids Fiduciary Indemnification Agreements to Reach Settlements
By McDermott Will & Emery, Allison Wilkerson, J. Christian Nemeth and McDermott Will & Schulte on Apr 12, 2018
Posted In Employee Benefits, Employee Stock Ownership Plans (ESOPs), Fiduciary and Investment Issues
The US Department of Labor has taken the position that certain indemnification clauses are void against public policy under Section 410 of ERISA. This policy has been adopted by private plaintiff classes; as evident from a recent settlement, a policy that voids indemnity provisions can limit defense budgets, make settlements more likely and potentially create...
Continue Reading
Settling the Standard for Prudence? Fall Brings New Guidance for ESOP Trustees
By McDermott Will & Emery, Allison Wilkerson, J. Christian Nemeth and McDermott Will & Schulte on Dec 5, 2017
Posted In Employee Benefits, Employee Stock Ownership Plans (ESOPs), Fiduciary and Investment Issues, Retirement Plans
Through a series of recent settlements, the US Department of Labor has outlined the process steps fiduciaries should follow in connection with a transaction involving a purchase from, or sale to, an employee stock ownership plan. Continue Reading.
Continue Reading
Are Your Employee Communications Up to Snuff? — ERISA Disclosure Practices
By McDermott Will & Emery and Allison Wilkerson on Oct 12, 2017
Posted In Employee Benefits, Employee Stock Ownership Plans (ESOPs), Fiduciary and Investment Issues, Health and Welfare Plans, Retirement Plans
Mary Samsa and Allison Wilkerson discussed that the majority of ERISA disclosures are in fact employee communications – many of which are viewed as “routine” by employers. As such, plan sponsors are continually balancing the best way in which to relay complex benefit plan information in a manner to best be understood by employees but...
Continue Reading
McDermott Announces Determination Letter Replacement Program, Addressing the Gap in Retirement Plan Compliance
By Brian Tiemann, Diane Morgenthaler, Jeffrey Holdvogt, Jacob Mattinson, Joseph K. Urwitz, Kay Kemp, Lisa Loesel, Maggie McTigue , Mary K. Samsa, Sarah L. Engle, Allison Wilkerson, Alan D. Nesburg, PC, Andrew Liazos, McDermott Will & Emery and Todd Solomon on Oct 10, 2017
Posted In Employee Benefits, Employee Stock Ownership Plans (ESOPs), Fiduciary and Investment Issues, Retirement Plans
Since the announcement by the Internal Revenue Service (IRS) that sponsors of individually designed retirement plans may no longer receive a periodic determination letter, plan sponsors have faced uncertainty about how to demonstrate compliance for their retirement plans. Our McDermott Retirement Plan Compliance Program, a new opinion letter and operational review program for individually designed...
Continue Reading
Hurricane Harvey Relief for Employee Benefit Plans
By Allison Wilkerson and Diane Morgenthaler on Sep 7, 2017
Posted In Employee Benefits, Employee Stock Ownership Plans (ESOPs), Employment, Fiduciary and Investment Issues, Health and Welfare Plans, Labor, Retirement Plans
The Internal Revenue Service and the Department of Labor relaxed some deadlines for eligible employee benefit plans and expanded the availability of withdrawals and loans for eligible defined contribution plan participants in the disaster area. However, the Pension Benefit Guaranty Corporation announced that some of its required filings will not be extended automatically. Continue reading.
Continue Reading
Employers Can Provide Tax-Free Disaster Assistance to Employees
By Allison Wilkerson, Robert C. Louthian, III and Ruth Wimer on Sep 5, 2017
Posted In Employee Benefits, Labor
Section 139 of the Internal Revenue Code allows an employer to provide tax-free qualified disaster relief payments to Texas and Louisiana employees in designated areas affected by Hurricane Harvey. Continue reading.
Continue Reading
