Jacob Friedman



  • Tuesday, January 1, 2008
    On October 24, 2007, the Department of Labor ("DOL") issued final regulations on the use of qualified default investment alternatives ("QDIA") in defined contribution plans that allow for participant directed investments. The final regulations implement Section 404(c)(5) of the Employee Retirement Income Security Act of 1974, as amended ("ERISA"), which was...
  • Monday, November 1, 2004
    In response to the perceived abuse of nonqualified deferred compensation arrangements for the benefit of executives, Congress recently passed the American Jobs Creation Act of 2004 (the "Jobs Act"), which will have a substantial impact on these arrangements.
  • Friday, October 1, 2004
    The Internal Revenue Service (the "Service") is expanding its efforts to identify and halt abuse by charities and foundations that pay excessive compensation to their officers and other insiders. The Service announced on August 10, 2004 a new enforcement effort, The Tax Exempt Compensation Enforcement Project, that will focus on compensation of officers,...