Virginia McGarrity

Virginia McGarrity

Virginia McGarrity is a member in the firm’s Employee Benefits and Compensation Group whose practice addresses a broad array of issues relating to the design, drafting, and operation of qualified and nonqualified defined benefit and defined contribution plans, including 401(k), profit-sharing, employee stock ownership and Section 403(b), and Section 457(b) plans of tax-exempt organizations and governmental entities. Virginia counsels clients on a wide range of health and welfare benefits matters, including issues related to health care reform, cafeteria plans, health savings accounts, voluntary employee beneficiary associations, and other employee benefits arrangements. She also assists clients with compliance matters involving federal laws such as COBRA and HIPAA, as well as various state laws and regulations governing health and welfare plan design and administration, domestic partner coverage, continuation of coverage, and mandated benefits.

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How Secure is Your Retirement Plan?

Most employers are generally aware of their fiduciary status as a “plan sponsor” of an ERISA-governed retirement plan (e.g., 401(k) and 403(b) plans). In fact, the employer’s hiring of a service provider is in and of itself a fiduciary function for which the plan sponsor is liable and at risk for any imprudent selection made. … Continue Reading

Employer Health Plans: Taking Responsibility for Your Business Associates

The Anthem and Premera Blue Cross data breaches caused widespread panic throughout the employer health plan community earlier this year. For many, these data breach announcements served as a wakeup call for employer health plan sponsors to review and further refine their business associate contracts. As a health plan sponsor, the employer is responsible for … Continue Reading
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