Jeffrey Holdvogt
Subscribe to Jeffrey Holdvogt's PostsJeffrey (Jeff) M. Holdvogt regularly counsels public and privately held companies and tax-exempt organizations on a wide range of employee benefits matters. These include the design and administration of complex pension, 401(k) and 403(b) plans, nonqualified and executive deferred compensation arrangements, fiduciary and plan investment issues under the Employee Retirement Income Security Act (ERISA), internal compliance reviews and voluntary correction filings, and benefit plan matters arising from mergers and acquisitions, as well as other ongoing day-to-day retirement and executive compensation issues. Read Jeff Holdvogt's full bio.
Staying Out of Trouble: How to Avoid IRS and DOL Audits
By Jeffrey Holdvogt and Maggie McTigue on Sep 14, 2017
Posted In Employee Benefits, Health and Welfare Plans, Retirement Plans
The Internal Revenue Service (IRS) and the Department of Labor (DOL) conduct different types of benefit plan audits, such as retirement plans and health and welfare plans, and for various reasons. In a presentation, Jeffrey Holdvogt and Maggie McTigue discuss IRS and DOL audit triggers, the process for each and what to do if your...
Continue Reading
Puerto Rico Legislation May Require Changes to Retirement Plans
By Jeffrey Holdvogt and Maggie McTigue on Apr 20, 2017
Posted In Employee Benefits, Retirement Plans
Puerto Rico enacted new legislation in February that will require changes to tax-qualified retirement plans covering Puerto Rico employees, including both Puerto Rico-only and dual-qualified (US and Puerto Rico) retirement plans. Act No. 9-2017 revises a number of Puerto Rico qualified retirement plan rules including contribution limits, rules related to nondiscrimination testing and employer deductions...
Continue Reading
View From McDermott: Employee Benefit Plan Considerations for Health Systems in 2017
By Jeffrey Holdvogt and Mary K. Samsa on Apr 4, 2017
Posted In Employee Benefits, Health and Welfare Plans
Amy Gordon, Jeffrey Holdvogt, Susan Nash and Mary Samsa wrote this bylined article on health system employee benefit opportunities and challenges in 2017. The authors urged health systems to review internal controls for 403(b) plan compliance and new design opportunities for 457(f) plans, to review their short- and long-term health plan operation in light of...
Continue Reading
Proposed Regulations Update Mortality Tables, Minimum Present Value Requirements for Defined Pension Plans
By Jeffrey Holdvogt on Mar 14, 2017
Posted In Employee Benefits, Retirement Plans
Near the end of 2016, the Department of Treasury (Treasury) and the Internal Revenue Service (IRS) published two significant sets of proposed regulations on issues pertaining to defined benefit pension plans, including mortality table updates that likely would increase pension funding liabilities for many plan sponsors. Read the full article.
Continue Reading
Three Key Employee Benefit Plan Issues for Health Systems in 2017
By McDermott Will & Emery and Jeffrey Holdvogt on Feb 2, 2017
Posted In Benefit Controversies, Employee Benefits, Health and Welfare Plans
Health system employers should make sure they are familiar with three key employee benefit issues: (1) the new Department of Labor (DOL) fiduciary rule that currently becomes effective April 10, 2017 (but may be delayed in the near future under the new administration); (2) recent excessive fee litigation filed against universities (and now health care...
Continue Reading
Payroll Get Ready — Employers Face New January 31st Filing Deadline for W-2 and 1099-MISC Forms
By Jeffrey Holdvogt and Ruth Wimer on Nov 10, 2016
Posted In Employment
Beginning with W-2 forms filed with respect to 2016 wages, a new law requires employers to file the government copy by January 31, 2017, for both paper and electronic copies. The accelerated deadline also applies to 1099-MISC forms for independent contractors. Read the full article.
Continue Reading
IRS Announces Employee Benefit Plan Limits for 2017
By Diane Morgenthaler, Jeffrey Holdvogt and Jacob Mattinson on Oct 28, 2016
Posted In Employment, Health and Welfare Plans, Retirement Plans
The Internal Revenue Service recently announced the cost-of-living adjustments to the applicable dollar limits for various employer-sponsored retirement and welfare plans for 2017. Although some of the dollar limits currently in effect for 2016 will change, the majority of the limits will remain unchanged for 2017. Read the full article here.
Continue Reading
Reports on Increase in Retirement Plan Audits Further Illustrate the Need for Plan Sponsors to Focus on Administrative Compliance
By Jeffrey Holdvogt on Sep 13, 2016
Posted In Retirement Plans
Recent reports show that the number of retirement plan audits by government agencies is increasing. A survey released by Willis Towers Watson indicates that one in every three plan sponsors has experienced a retirement plan audit by a government agency in the past two years. Unofficial reports also indicate that the US Department of Labor...
Continue Reading
IRS Regulations Provide That Certain Employees of Partnerships Now Have Self-Employment Status for Employee Benefit and Tax Purposes
By Jeffrey Holdvogt and Ruth Wimer on May 17, 2016
Posted In Employment, Executive Compensation, Health and Welfare Plans
The IRS and US Department of Treasury have issued final and temporary regulations which address benefit and self-employment tax issues regarding partners in a partnership which is the sole owner of a second, wholly owned legal entity. The regulations are intended to clarify that where the partners are separately working for the second legal entity,...
Continue Reading
DOL Official Says Office Is Investigating Large Defined Benefit Plans Regarding Locating and Paying Terminated Vested Participants
By Jeffrey Holdvogt on Apr 14, 2016
Posted In Labor, Retirement Plans
Recent comments from an official with the Department of Labor (DOL) indicate that the DOL’s Employee Benefits Security Administration (EBSA) has begun investigating large defined benefit plans to review how plan administrators are keeping track of benefits owed to terminated vested participants and if they are really paying participants like they should be. According to...
Continue Reading
