Lisa Loesel
Subscribe to Lisa Loesel's PostsLisa Loesel focuses her practice on employee benefits matters, including the design, amendment and administration of pension and 401(k) plans, nonqualified deferred compensation arrangements, and employee stock ownership plans. She counsels privately and publicly held corporations regarding the employee benefits design and transition matters arising from corporate mergers, acquisitions and divestitures. She also advises clients regarding fiduciary and plan investment issues under the Employee Retirement Income Security Act of 1974 (ERISA). Lisa also has experience counseling plan fiduciaries with respect to the claims and appeals procedures under ERISA. Read Lisa Loesel's full bio.
A Q&A and More Delay: IRS Begins to Issue Clarifying Guidance on SECURE 2.0 Provisions
By Jeffrey Holdvogt, Lisa Loesel and Teal Trujillo on Apr 4, 2024
Posted In Employee Benefits, Retirement Plans
In late December 2023, the Internal Revenue Service (IRS) issued Notice 2024-2 (the Notice), providing guidance on key provisions of the SECURE 2.0 Act of 2022 (SECURE 2.0). SECURE 2.0, which was passed in December 2022, includes more than 90 provisions affecting US retirement plans, many of which are specifically aimed at enhancing savings opportunities...
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Managing Your Workforce During Market Volatility: RIFs
By Pankit Doshi, Lisa Loesel and Saniya Ahmed on Oct 18, 2023
Posted In Employment
Market volatility and other business disruptions can force employers to make difficult personnel decisions around reductions in force (RIFs). These may include reducing employee headcount, eliminating entire departments, hiring independent consultants or implementing hiring freezes to ease potential financial burden. During this webinar in our series exploring best practices for workforce management in volatile markets, Pankit...
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Webinar Replay: What to Know About SECURE 2.0
By Sarah L. Engle, Jeffrey Holdvogt, Andrew Liazos, Lisa Loesel, Jacob Mattinson and Brian Tiemann on Feb 1, 2023
Posted In Employee Benefits, Fiduciary and Investment Issues, Retirement Plans, SECURE 2.0 Act
What do retirement plan professionals and participants need to know about the recently passed SECURE 2.0 Act of 2022? In this webinar replay, McDermott’s Employee Benefits team discusses the many changes to retirement plans and individual retirement accounts, including the key changes for 401(k), 403(b) and defined benefit plans as well as other changes impacting...
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JOIN US: SECURE 2.0 Takes Second Bite at Retirement Security
By Sarah L. Engle, Jeffrey Holdvogt, Andrew Liazos, Lisa Loesel, Jacob Mattinson and Brian Tiemann on Jan 24, 2023
Posted In Employee Benefits, Fiduciary and Investment Issues, Retirement Plans, SECURE 2.0 Act
Join partners from McDermott’s Employee Benefits team on Wednesday, January 25, 2023, as they discuss the impact of the recently passed SECURE 2.0 Act of 2022. With over 90 changes to retirement plans and individual retirement accounts (IRAs), this webinar will highlight the key changes for 401(k) and 403(b) plans and defined benefit plans, as...
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Easing the Burden: New PBGC Rule Simplifies Multiemployer Plan Withdrawal Liability Calculations
By Lisa Loesel and Todd Solomon on Apr 14, 2021
Posted In Employee Benefits, Labor, Retirement Plans
New guidance streamlines the methods for calculating withdrawal liability for multiemployer union pension plans that have adopted benefit reductions, benefit suspensions, surcharges or contribution increases—a common occurrence with underfunded multiemployer pension plans. Access the article.
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Full Disclosure Required: Lifetime Income Estimates on Defined Contribution Plan Benefit Statements
By Lisa Loesel, Joseph K. Urwitz and McDermott Will & Emery 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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It’s Back to Basics for Employee Benefits Priorities
By Lisa Loesel on Sep 3, 2020
Posted In Employee Benefits, Health and Welfare Plans, Retirement Plans
Prior to the pandemic, ultra-low unemployment at roughly 3.3% put a spotlight on ‘lifestyle benefits’ for employees such as gym memberships and pet sitting. When the COVID-19 crisis hit, the focus immediately shifted for many plan sponsors. Some employers are now offering high-deductible health plans (HDHPs) paired with health savings accounts (HSAs). Scaling back on...
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Deja Vu with Retirement Plan Extension 2
By Erin Steele, Joseph K. Urwitz and Lisa Loesel on Jul 9, 2020
Posted In Employee Benefits, Retirement Plans
In response to the administrative difficulties faced by plan administrators due to the ongoing COVID-19 pandemic, the Internal Revenue Service (IRS) recently issued Notice 2020-35, which extends additional retirement plan deadlines for 2020 not previously extended under IRS Notice 2020-23. The IRS also stated that this relief applies for purposes of ERISA if the tax...
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CARES Act Impacts All Benefit Plans
By Sarah L. Engle, Andrew Liazos, Erin Steele, Evan A. Belosa, Jacob Mattinson, Lindsay Ditlow, Lisa Loesel, Ralph E. DeJong and Samuel Everett Dewey on Mar 31, 2020
Posted In Employee Benefits, Employment, Executive Compensation, Health and Welfare Plans, Retirement Plans
In the ongoing effort to help individuals impacted by COVID-19, Congress passed the Coronavirus Aid, Relief, and Economic Securities Act (CARES Act) on March 27, 2020. The President signed the CARES Act into law the same day. The historic stimulus package provides wide-ranging relief for both employers and employees. This includes rules that impact health...
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Mechanics of DB Plan QDROs Differ from Those for DC Plans
By Lisa Loesel on Feb 4, 2020
Posted In Employee Benefits, Retirement Plans
There are requirements for a qualified domestic relations order (QDRO) that apply whether the QDRO is for splitting up defined contribution (DC) plan assets or defined benefit (DB) plan assets, notes McDermott’s Lisa K. Loesel. However, the mechanics of setting up QDROs vary between DC and DB plans. Read on to discover the different paths...
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