Katrina McCann
Katrina E. McCann is an associate in the Tax Department and a member of the Employee Benefits & Executive Compensation Group.
Katrina also has experience advising both employers and senior executives in connection with various executive compensation matters, including the negotiation and drafting of equity plans and awards, employment agreements, severance agreements and other compensation arrangements.
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The DOL recently issued Field Assistance Bulletin 2021-01, blessing the PBGC’s Missing Participant Program as an additional method of addressing a perennial issue in 401(k) terminations – the problem of missing participants and beneficiaries with remaining account balances. Background. After a defined contribution plan’s termination, DOL regulations provide a safe harbor allowing the distribution of … Continue Reading
****UPDATE: These proposed regulations were not published in the Federal Register before President Biden’s inauguration. In accordance with the Memorandum for the Heads of Executive Departments and Agencies, issued by Chief of Staff Ronald A. Klain, the proposed regulations have been withdrawn for review by the Biden administration.**** On January 7th, the EEOC released proposed … Continue Reading
The DOL recently provided retirement plans with a new method to comply electronically with certain participant disclosure and notice requirements. See our blog post outlining the new DOL rule. This new method adds to the previously issued DOL safe harbor and the IRS rules. Below is a side-by-side general comparison to help plan administrators keep … Continue Reading
A recently released redacted report from the Treasury Inspector General for Tax Administration (TIGTA) offers some helpful insights for employers who may be assessed shared responsibility payments because the IRS thinks they failed to offer adequate health coverage, as required by the Affordable Care Act (ACA). The TIGTA report shows a wide gap between the … Continue Reading
On April 29, 2020, the U.S. Departments of Labor (Employee Benefits Security Administration, “EBSA”) and Treasury (IRS) published a final regulation, and EBSA issued a package of guidance and relief, for employee benefit plans affected by the COVID-19 outbreak. EBSA’s package includes (i) EBSA Disaster Relief Notice 2020-1, (ii) DOL COVID-19 FAQs for Participants and … Continue Reading
In this episode of the Proskauer Benefits Brief, partner Paul Hamburger, and associate Katrina McCann discuss the suspension of benefits rules, and the unique and interesting issues that arise when defined benefit plan participants work beyond their normal retirement age. Plan sponsors and administrators should tune in, as these rules are quite complicated and are often misunderstood. Listen to the … Continue Reading
In this episode of the Proskauer Benefits Brief, partner Robert Projansky and associate Katrina McCann discuss the recent district court case, Texas et al. v. The United States of America, which declared the Affordable Care Act (ACA) unconstitutional. On December 14, 2018, a district court judge in the Northern District of Texas deemed the entirety of the Affordable Care Act … Continue Reading
In this episode of the Proskauer Benefits Brief, Paul Hamburger, co-chair of Proskauer’s Employee Benefits & Executive Compensation Group, and associate Katrina McCann discuss how to fix retirement plan overpayments, based on (1) the type of plan (i.e., defined contribution or defined benefit plan), (2) whether the overpayment was with respect to a lump sum or ongoing payments, … Continue Reading
As promised in the FAQ issued on March 30, 2015, the U.S. Departments of the Treasury, Labor and Health and Human Services (the Departments) have issued final regulations regarding the summary of benefits and coverage (SBC) and uniform glossary for group health plans and health insurance coverage in group and individual markets under the Patient … Continue Reading
Terminating a 401(k) Plan? The DOL Blesses Use of the PBGC Missing Participant Program
By Katrina McCann on Posted in Department of Labor
EEOC Proposed Wellness Regulation Restricts Incentives For Voluntary Programs But Offers Path For Programs That Satisfy ACA Standard
By Katrina McCann and Seth Safra on Posted in Equal Employment Opportunity Commission, Wellness Programs
Side by Side Comparison: Electronic Disclosure Rules for Pension & Welfare Plans
By Katrina McCann on Posted in Disclosure
What Employers Should Know about ACA Shared Responsibility Payments
By Katrina McCann on Posted in Affordable Care Act, Health Plan Compliance
DOL/Treasury COVID-19 Relief Includes Long Extension of Participant Deadlines and Rule of Reasonableness for Plan Administration
By Seth Safra and Katrina McCann on Posted in Coronavirus
[Podcast]: Suspension of Benefits Issues
By Paul M. Hamburger and Katrina McCann on Posted in Benefits Brief Podcast
[Podcast]: Texas Judge Declares Affordable Care Act Unconstitutional
By Robert Projansky and Katrina McCann on Posted in Affordable Care Act, Benefits Brief Podcast, Tax Reform
[Podcast]: Fixing Retirement Plan Overpayments
By Katrina McCann and Paul M. Hamburger on Posted in Benefits Brief Podcast, Fiduciary
Agencies Issue Final Regulations on the Summary of Benefits and Coverage (SBC) Requirements
By Ahuva Warburg and Katrina McCann on Posted in Affordable Care Act
