Seyfarth Synopsis: New York City has joined the growing list of jurisdictions to establish a mandatory auto-IRA retirement savings program for private sector employers who do not offer employees access to a retirement plan. By doing so, it becomes part of the trend to provide the opportunity for employees who do not have access to
retirement savings plans
Ninth Circuit Concludes Beneficiary Designation Form Not a Plan Document and Telephone Call Changed A Beneficiary
By Seyfarth Shaw LLP on
Posted in Plan Administration Litigation
By: Ada Dolph and Jim Goodfellow
In Becker v. Mays-Williams, No. No. 13–35069 (9th Cir. Jan. 28, 2015), the Ninth Circuit was confronted with the issue of determining whether decedent Asa Williams, a long-time participant in his employer’s ERISA governed retirement savings plans, effectively changed his beneficiary designation from his ex-wife to his son…