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.
Finally SECURE: Opportunities in the 2019 SECURE Act for Plan Sponsors
By Jeffrey Holdvogt, 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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Federal District Court Dismisses Pension Actuarial-Equivalence Lawsuit
By Lisa Loesel and Richard J. Pearl on Oct 17, 2019
Posted In Benefit Controversies, Retirement Plans
In the string of pension-plan related, actuarial equivalence lawsuits, the court in DeBuske, et al. v. PepsiCo, Inc., et al. recently handed down the first decision favorable to plan sponsors. The DeBuske court’s narrow decision may, however, have limited impact going forward. Access the full article.
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Bipartisan Bill Paves the Way for Significant Retirement Plan Reforms
By Lisa Loesel and Sarah L. Engle on Jun 4, 2019
Posted In Employee Benefits, Fiduciary and Investment Issues, Retirement Plans
The House recently passed the most significant piece of proposed retirement plan legislation in more than a decade: the SECURE Act. Although the Senate must also approve the bill before it becomes law, its proposed changes have considerable bipartisan support in Congress. Plan sponsors should start considering how changes included in the SECURE Act could...
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Fridays With Benefits Webinar | Should Old Acquaintance Be Forgot? Our Retrospective on 2018 Benefits Issues
By Lisa Loesel and McDermott Will & Emery on Oct 30, 2018
Posted In Employee Benefits, Retirement Plans
Join us Friday, November 2 for our monthly Fridays with Benefits webinar. With 2019 right around the corner, now is the time to dust off your year-end checklist and take stock of changes we have seen in 2018, and how they project to impact planning for the new year. Join us for an interactive discussion...
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IRS Corrections Go Digital in 2019
By Joseph K. Urwitz, Lisa Loesel and Maggie McTigue on Oct 23, 2018
Posted In Employee Benefits, Retirement Plans
Late last month, the IRS released the latest version of its Employee Plans Compliance Resolution System, the IRS’s program for correcting retirement plan errors. The newest version of the correction program—effective beginning in 2019—includes mostly minor changes and clarifications. Most importantly, however, it requires electronic filing of Voluntary Correction Program submissions beginning April 1, 2019....
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Socially Responsible Investing – No Good Deed Goes Unpunished
By Brian Tiemann and Lisa Loesel on Oct 2, 2018
Posted In Employee Benefits, Retirement Plans
Socially responsible investing often sounds like an intriguing idea, but investing plan assets in a socially responsible manner is a notoriously tricky proposition. Earlier this year, the US Department of Labor issued additional guidance clarifying existing DOL guidance applicable to socially responsible investment of plan assets. However, the clarifications included in FAB 2018-01 may further...
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Extension of Nondiscrimination Relief to Certain Closed Defined Benefit Plans
By Kay Kemp and Lisa Loesel on Sep 6, 2018
Posted In Employee Benefits, Retirement Plans
The Internal Revenue Service (IRS) has again extended the temporary nondiscrimination relief for closed defined benefit plans. This extended relief is intended to enable closed pension plans (defined as pension plans that have been closed to new participants before December 13, 2013 but continue to provide ongoing benefit accruals for certain participants) to more easily...
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McDermott Announces Determination Letter Replacement Program, Addressing the Gap in Retirement Plan Compliance
By Brian Tiemann, Diane Morgenthaler, Jeffrey Holdvogt, Jacob Mattinson, Joseph K. Urwitz, Kay Kemp, Lisa Loesel, Maggie McTigue , Mary K. Samsa, Sarah L. Engle, Allison Wilkerson, Alan D. Nesburg, PC, Andrew Liazos, McDermott Will & Emery and Todd Solomon on Oct 10, 2017
Posted In Employee Benefits, Employee Stock Ownership Plans (ESOPs), Fiduciary and Investment Issues, Retirement Plans
Since the announcement by the Internal Revenue Service (IRS) that sponsors of individually designed retirement plans may no longer receive a periodic determination letter, plan sponsors have faced uncertainty about how to demonstrate compliance for their retirement plans. Our McDermott Retirement Plan Compliance Program, a new opinion letter and operational review program for individually designed...
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New IRS Guidance Allows Plan Sponsors to Use Forfeitures for Safe Harbor Contributions, QNECs and QMACs
By Lisa Loesel and Sarah L. Engle on May 18, 2017
Posted In Employee Benefits, Retirement Plans
Earlier this year, the IRS released proposed regulations which permit employers to use forfeitures to fund safe harbor contributions, QNECs and QMACs. Read the full article.
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Employee Benefits Programs in May
By McDermott Will & Emery, Jacob Mattinson, Joseph K. Urwitz, Lisa Loesel, Lisa Schmitz Mazur and Ruth Wimer on Apr 27, 2017
Posted In Employee Benefits, Employment, Labor, Retirement Plans
Join members of the McDermott Employee Benefits team in May at one of these programs covering a variety of employee benefits topics. The John Marshall Law School The Center for Tax Law & Employee Benefits 14th Annual Employee Benefits Symposium | May 1, 2017 | Chicago, Illinois | Speaker, Joseph S. Adams Proposed 457(f) Regulations: Opportunities and...
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