The Benefits Brief

	Practice Area Members:
	• Lesley A. Russo (Practice Area Contact)
	• Erin C. V. Bailey
	• Lynn S. Clarke
	• Jill E. Hall
	• Melody A. Simpson

	Bowles Rice Related Practice Areas:
	• Employee Benefits, Executive Compensation & ERISA
	• Commercial & Financial Services
	• Labor & Employment
	• Tax

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April 2008

The Bowles Rice Benefits Group is excited to unveil the first issue of "The Benefits Brief." This newsletter is designed to provide up-to-date, important information that affects all areas of Employee Benefits & Executive Compensation. Enjoy!


	*U.S. SUPREME COURT ISSUES RULING IN LARUE V. DEWOLFF: 401(K) PLAN SPONSORS BEWARE!* By: Jill E. Hall In a recent landmark decision, the United States Supreme Court unanimously held that individual participants in a 401(k) plan may sue plan fiduciaries under ERISA to recover losses caused by a breach of fiduciary duty, even when the breach affects only an individual account. MORE...

Employers: Review Your 401(K)
    Deposit Times — DOL Proposes
    New 7-Day Safe Harbor Deposit
    Rule

By: Lesley A. Russo & Erin C. V. Bailey
The U.S. Department of Labor (DOL) issued proposed regulations on February 29, 2008 regarding the deadlines for depositing employee’s 401(k) elective deferrals that are deducted from pay. MORE...

Surprise IRS Ruling Affects
Executive Performance Bonuses

By: Lynn S. Clarke
Executive employment agreements, change of control agreements, management continuity agreements and the like often include substantial performance bonuses as an incentive to encourage executives to meet earnings or other company goals. MORE...

Being Too Generous With Health
Benefits Can Be Hazardous to
Employers’ Health!

By: Melody A. Simpson
Sometimes employers, either inadvertently or deliberately, extend health benefits beyond what their plan – and, perhaps more importantly, their insurance policy – provides. MORE...

Year End Compliance Deadlines
Require Action Now

By: Lesley A. Russo & Erin C. V. Bailey
Mark your calendar for these important upcoming compliance deadlines for 2008. MORE...

Bowles Rice McDavid Graff & Love LLP
Charleston, WV Martinsburg, WV Morgantown, WV Parkersburg, WV Lexington, KY Winchester, VA