Emily Rickard
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Emily Rickard focuses her practice on executive compensation and employee benefits, and has devoted a substantial portion of her practice to assisting employers in implementing and maintaining employee stock ownership plans (ESOPs). She has represented companies, inside ESOP trustees, and outside ESOP trustees in buy-side and sell-side transactions, as well as in ongoing ESOP compliance matters. Read Emily Rickard's full bio.
Full Disclosure Required: Lifetime Income Estimates on Defined Contribution Plan Benefit Statements
By Emily Rickard, Lisa Loesel and Joseph K. Urwitz on Feb 9, 2021
Posted In Employee Benefits, Retirement Plans
The Department of Labor provided interim guidance on the new required annual lifetime income disclosures to participants in defined contribution plans, including plans covered under section 401(k) or 403(b) of the Internal Revenue Code, profit-sharing plans and employee stock ownership plans (ESOPs). The Lifetime Income Disclosure Rule is currently scheduled to go into effect on...
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Final Rule for Selecting Retirement Plan Investments Leaves “ESG” Behind
By Emily Rickard, Erin Turley and Brian Tiemann on Dec 17, 2020
Posted In Employee Benefits, Employee Stock Ownership Plans (ESOPs), Fiduciary and Investment Issues, Retirement Plans
In recent guidance, the Department of Labor clarified the retirement plan standards for environmental, social and corporate governance (ESG) investing without mentioning the term ESG. The new guidance provides that, when selecting and monitoring plan investments, an Employee Retirement Income Security Act (ERISA) fiduciary must never sacrifice investment returns, take on additional investment risk or...
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Use a Checklist to Avoid LGBTQ Discrimination in Your Benefits Programs
By Jacob Mattinson, Judith Wethall and Emily Rickard on Jul 21, 2020
Posted In Benefit Controversies, Employee Benefits, Employment, Health and Welfare Plans
The US Supreme Court ruled June 15 in Bostock v. Clayton County, Ga. that the prohibition against sex discrimination in the workplace under Title VII of the Civil Rights Act covers sexual orientation and gender identity. Title VII applies to employers with 15 or more employees, including part-time and temporary workers. Following the decision, benefits experts...
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LGBTQ Title VII Ruling May Impact Your Employee Benefit Plan
By Jacob Mattinson, Emily Rickard and Judith Wethall on Jun 23, 2020
Posted In Benefit Controversies, Employee Benefits, Employment, Health and Welfare Plans
On Monday, June 15, 2020, the US Supreme Court held in Bostock v. Clayton County that Title VII of the Civil Rights Act of 1964 protects transgender, gay and lesbian employees (and prospective employees) from workplace discrimination based on sex. This means that the protective authority of Title VII for LGBTQ individuals generally extends to employer-sponsored healthcare...
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Families First Coronavirus Response Act Mandates Employer-Provided Coverage for COVID-19 Testing
By Emily Rickard, Erin Steele, Jacob Mattinson, Judith Wethall and Megan Mardy on Mar 23, 2020
Posted In Employee Benefits, Health and Welfare Plans
As part of the Families First Coronavirus Response Act (the “Act”), Congress eliminated patient cost-sharing for Coronavirus (COVID-19) diagnostic testing and testing-related services provided under any employer-sponsored group health plan. This impacts all employer plans, insured and self-funded, of all sizes. The provisions are effective as of March 18 and will continue on a temporary...
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A New Day for the HRA
By Emily Rickard, Jacob Mattinson, Judith Wethall and Megan Mardy on Jul 30, 2019
Posted In Employee Benefits, Health and Welfare Plans
The Departments of Labor, Treasury, and Health and Human Services have released final rules removing the prohibition on pairing HRAs with individual health policies. The final rules also allow certain HRAs and other account-based group health plans to qualify as limited excepted benefits. These rules are generally effective for plan years beginning on or after...
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ESOPs: What Not To Do (and If You Did, How to Correct It)
By Emily Rickard on Apr 16, 2019
Posted In Employee Benefits, Employee Stock Ownership Plans (ESOPs), Fiduciary and Investment Issues, Retirement Plans
In a presentation for the National Center for Employee Ownership (NCEO) Conference, Emily Rickard presented on ESOP plan design, operation and administration. She, along with the other presenters, identified ERISA compliance watchdogs including the plaintiff’s bar, Department of Treasury and Department of Labor, and what attracts their attention when it comes to audits. Emily also...
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Court Puts Association Health Plans in Limbo
By Emily Rickard, Jacob Mattinson, Judith Wethall and Megan Mardy on Apr 9, 2019
Posted In Benefit Controversies, Employee Benefits, Health and Welfare Plans
On March 28, a District of Columbia federal court agreed with a New York-led challenge by a group of 11 states and the District of Columbia and found that the Department of Labor’s (DOL) 2018 association health plan (AHP) rule (the Final Rule): Is contrary to the Employee Retirement Income Security Act of 1974 (ERISA)’s...
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Fridays With Benefits Webinar | Make Way For The HRA!
By Emily Rickard, Jacob Mattinson and Judith Wethall on Dec 4, 2018
Posted In Employee Benefits, Health and Welfare Plans
Join us Friday, December 7 for our monthly Fridays With Benefits webinar. New proposed rules make the HRA an interesting option for employers beginning in 2020. Join McDermott lawyers for an interactive discussion regarding the “Integrated HRA” the “Excepted Benefit HRA” and the medical plan design opportunities they present. Join our lively 45-minute discussion while...
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7 Tips to Avoid Compliance Missteps During Open Enrollment
By Emily Rickard, Jacob Mattinson and Megan Mardy on Nov 6, 2018
Posted In Employee Benefits, Health and Welfare Plans, Privacy and Data Security
One of the busiest times of year for an employee benefits professional is open enrollment. It is a crucial and yet stressful time of year that typically results in numerous employee questions and complaints and is a time of year with high potential for both employer and employee mistakes. Despite the stress and potential for...
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