Charnae Supplee
Subscribe to Charnae Supplee's PostsCharnae Supplee focuses her practice on employee benefits and executive compensation matters. She has experience working on matters related to 401(k) and pension plans, cafeteria and welfare plans, nonqualified deferred compensation arrangements, and employee stock ownership plans. Charnae assists clients in drafting employee benefit plan documents and amendments. She advises clients on employee benefits design, implementation and transition matters, and immigration issues during corporate mergers and acquisitions. Read Charnae Supplee's full bio.
Once Again, IRS Extends Nondiscrimination Relief for Frozen Defined Benefit Plans
By Alan D. Nesburg, PC and Charnae Supplee on Sep 19, 2019
Posted In Employee Benefits, Retirement Plans
The Internal Revenue Service (IRS) has once again extended the temporary nondiscrimination relief for frozen defined benefit plans, now through 2020. Frozen pension plans are pension plans that have been closed to new participants but continue to provide ongoing benefit accruals for certain participants. This extended relief is intended to enable frozen pension plans to...
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PBGC’s Multiemployer Insurance Program Faces Insolvency, While Single-Employer Program Improves
By Charnae Supplee and Stephen Pavlick on Sep 17, 2019
Posted In Employee Benefits, Retirement Plans
The Pension Benefit Guaranty Corporation (PBGC) recently issued a press release announcing that the Multiemployer Insurance Program remains in a dire financial condition, nearing insolvency. The agency’s insurance program for multiemployer pensions, covering more than 10 million people, will likely run out of money by the end of fiscal year 2025, according to the FY...
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Kruse-Western Wins Partial Dismissal in ERISA Lawsuit over $244 Million Stock Sale
By Charnae Supplee and Richard J. Pearl on Aug 6, 2019
Posted In Benefit Controversies, Employee Stock Ownership Plans (ESOPs), Retirement Plans
The federal court affirmed ERISA’s limitations on the types of claims and remedies available under ERISA. This well-reasoned decision affords Congress the deference it deserves by limiting claims and remedies only to those Congress intended to provide in ERISA. Access the full story.
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Employee Benefit Plans Master Trust Investments – Financial Statement Changes
By Alan D. Nesburg, PC and Charnae Supplee on Jun 20, 2019
Posted In Employee Benefits, Fiduciary and Investment Issues, Health and Welfare Plans, Retirement Plans
The Financial Accounting Standards Board (FASB) adopted changes to the required financial statement disclosures of employee benefit plans with investments in master trusts. The changes will standardize the content and presentation of information reported in plans’ financial statements. Learn about the six significant items the FASB guidance addresses. Access the full article.
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