Jeffrey Holdvogt
Subscribe to Jeffrey Holdvogt's PostsJeffrey (Jeff) M. Holdvogt advises clients regarding a wide range of employee benefits matters. He focuses primarily on the design and administration of complex pension, defined contribution and executive deferred compensation arrangements. Jeff counsels privately and publicly held corporations on ongoing day-to-day retirement and executive compensation issues, as well as employee benefits design and transition matters arising from corporate mergers, acquisitions and divestitures. Read Jeff Holdvogt's full bio.
Addressing Employees’ Student Loan Debt in 2020
By Jeffrey Holdvogt on Jan 21, 2020
Posted In Employee Benefits, Retirement Plans
Student loan debt skyrocketed in the past decade, topping $1.5 trillion among millions of Americans. The crisis has prompted US employers to address it in their benefits programs. McDermott’s Jeffrey M. Holdvogt contributes to a Plan Sponsor article that provides a review of how employers can help employees break free from the bind student loan...
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Finally SECURE: Opportunities in the 2019 SECURE Act for Plan Sponsors
By Jeffrey Holdvogt, Judith Wethall, Lisa Loesel and Sarah L. Engle on Jan 9, 2020
Posted In Employee Benefits, Employment, Health and Welfare Plans, Retirement Plans
The SECURE Act—the most significant piece of retirement plan legislation in more than a decade—is now law. Plan sponsors should immediately start considering how changes included in the SECURE Act could impact their retirement and health and welfare plans in 2020 and beyond. Access the full article.
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Smarter and Not Harder: The New IRS Hardship Distribution Regulations
By Jeffrey Holdvogt and Maggie McTigue on Nov 19, 2019
Posted In Employee Benefits, Retirement Plans
The Treasury Department and the IRS recently finalized new hardship distribution rules applicable to defined contribution plans. Plan sponsors should prepare for operational changes to comply with the new regulations, including some beginning January 1, 2020. Access the full article.
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IRS Announces 2020 Employee Benefit Plan Limits
By Brian Tiemann, Jeffrey Holdvogt and Jacob Mattinson on Nov 6, 2019
Posted In Employee Benefits, Health and Welfare Plans, Retirement Plans
Recently the Internal Revenue Service (IRS) and the Social Security Administration announced the cost-of-living adjustments to the applicable dollar limits on various employer-sponsored retirement and welfare plans and the Social Security wage base for 2020. In the article linked below, we compare the applicable dollar limits for certain employee benefit programs and the Social Security...
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Capital Perspective: An Analysis of Hot Topics in Benefits and Compensation
By Jeffrey Holdvogt, Evan A. Belosa, Andrew Liazos and Judith Wethall on Aug 8, 2019
Posted In Employee Benefits, Employment, Executive Compensation, Health and Welfare Plans, Retirement Plans
With the uncertainty of the general election just one year away—and change on the horizon—now is the time to take stock of the legal and regulatory environment to prepare your organization for the future. On September 10 in Boston, the ERISA Industry Committee (ERIC), Fidelity and McDermott invite you to join your peers and colleagues...
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Hot Off the Presses: Latest 401(k) Trends & Developments
By Diane Morgenthaler and Jeffrey Holdvogt on Jun 13, 2019
Posted In Employee Benefits, Retirement Plans
Diane M. Morgenthaler and Jeffrey M. Holdvogt recently presented the webinar “Student Loan Benefits and Other 401(k) Developments” at the Worldwide Employee Benefits Network Chicagoland program. In the presentation, they discussed a variety of new 401(k) trends and developments, including: Employer options for student loan benefits and related considerations; The IRS’s recent expansion of its...
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IRS Opens the Door to Lump Sum Payment Windows for Retirees in Pay Status
By J. Christian Nemeth, Jeffrey Holdvogt and Rick Stepanovic on May 2, 2019
Posted In Employee Benefits, Retirement Plans
Due to an Internal Revenue Service (IRS) change in course published in Notice 2019-18, plan sponsors may now offer retirees lump-sum windows as another pension “de-risking” option. Plan sponsors considering pension de-risking opportunities and options should carefully evaluate the potential benefits and risks of a retiree lump-sum window. Access the full article.
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Trends in Qualified Plans and Health & Welfare Plans
By Jeffrey Holdvogt on Mar 15, 2019
Posted In Employee Benefits, Executive Compensation, Health and Welfare Plans
In a presentation at McDermott’s Employment and Employee Benefits Forum, Jeffrey Holdvogt discussed qualified plans, including student loan repayment benefits and the rise of DOL/IRS/PBGC plan activity. He also commented on the scrutiny on plan governance and fiduciary process materials. He addressed the legal challenges and mandates, such as state laws protecting against balance billing...
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Emerging Trends Alert | Filling in the Gaps: Pay Equity
By Michelle S. Strowhiro, Maria C. Rodriguez, Jeffrey Holdvogt, Ellen M. Bronchetti, Andrew Liazos and Ron Holland on Mar 5, 2019
Posted In Employment, Executive Compensation
In a presentation at McDermott’s Employment and Employee Benefits Forum, our lawyers discuss the patchwork of state and local laws surrounding pay equity for similarly situated employees doing the same job. Particularly in California, new developments have emerged further clarifying pay equity laws. For best practices, they recommend: Establishing compensation ranges across substantially similar jobs...
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Bipartisan Legislation Proposed to Promote Student Loan Repayment Retirement Benefits
By Jeffrey Holdvogt on Jan 17, 2019
Posted In Employee Benefits, Retirement Plans
In late December, US Senator Ron Wyden introduced the Retirement Parity for Student Loans Act (Student Loan Act), which would allow employers to make matching contributions under 401(k), 403(b) and SIMPLE plans with respect to student loan repayments made by employees. If enacted, this legislation would provide powerful new guidance for employers looking to offer...
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