Cash Balance Plan Class Action Litigation
Sidley is a leader in the complex issues involving cash balance plans. Our firm represents companies in class action lawsuits throughout the United States asserting challenges to cash balance plans, including age discrimination claims, alleged disclosure violations, breach of fiduciary duty claims and issues involving compliance with technical provisions of ERISA such as backloading, “whipsaw” and forfeiture. In addition, Sidley is experienced in counseling companies on the regulatory and legislative issues affecting cash balance plans, including the Pension Protection Act of 2006 and the guidance issued by the Treasury Department and Internal Revenue Service interpreting the 2006 Act.
