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Author: United Benefit Advisors

New Year Brings Extra W-2 Duty for Many

A new health care coverage reporting rule kicks in for many employers this year.

Compliance Alert: More Guidance on W-2 Reporting

The IRS has issued more guidance on W-2 reporting of health care coverage.

Benefits Briefing: Loss of Privilege Woes

Designating the "company" or "employer" as an ERISA fiduciary can unintentionally subject the employer’s executive officers and board of directors to ERISA’s fiduciary standards, and potentially to personal liability.

In Brief:

Tailoring communications to workers’ age groups can boost engagement, but most employers fall short, a survey notes.

Benefits Briefing: ‘Conflicted’ Retirement Advice

A new statutory exemption from the prohibited transaction rules (designed to expand the availability of fiduciary investment advice to participants in individual account plans and IRAs, subject to specific safeguards and conditions) are now in effect.

In Brief: DOL Delays Benefits Summary Rules

The Department of Labor delays the deadline for employers to comply with new rules regarding the Summary of Benefits and Coverage (SBC).

Failing to Notify Participants of Plan Changes Can Be Costly

Among ERISA’s many notice and disclosure obligations, the requirement to timely inform participants of important plan changes is one that is too often overlooked.

EEOC Move Adds New Compliance Wrinkle to Wellness Programs

A regional office within the Equal Employment Opportunity Commission (EEOC) has ruled that incentives offered to employees’ spouses to complete a health risk assessment are a violation of the Genetic Information and Nondiscrimination Act (GINA).

Jan. Webinar: New Retirement Plan Fee Disclosure Rules

Deadlines for the new 401(k) and 403(b) plan fee disclosure requirements are upon us. Learn what you need to know to comply.

Benefits Briefing: Extension of Trade Adjustment Assistance Affects Certain COBRA Coverage

The Trade Act of 2002 created a health care tax credit (HCTC) for certain individuals who become eligible for trade adjustment assistance (TAA eligible individuals), as well as for certain retired employees who are receiving pension payments from the P…

Employers Target Prescription Plans to Save Costs

While many aspects of health care costs can’t be controlled by employers, many businesses are finding savings with smart pharmacy benefit management.

Health Plan Assessed Double Damages for MSP Violation

A federal appeals court has held that the Medicare Secondary Payer (MSP) Act authorizes a medical provider to sue an employer health plan for double damages when the plan fails to comply with the MSP Act.

NLRB Passes Limited Version of Election Rule Change

A divided National Labor Relations Board has voted to move ahead with union-backed election rule changes.

No Matter What, PPACA Ruling Will Impact Employers

Whether the Supreme Court rules for or against the health care reform law, employers likely will have to make adjustments to remain compliant.

Benefits Briefing: Deadlines Approaching for Retirement Plan Amendments

Once again, amendment season is upon us. Sponsors of tax-favored retirement plans should keep in mind the many required amendments for which a year-end deadline is fast approaching.

News Briefs: CLASS Act Dumped

CLASS Act; Transit Taxes; Inflation Limits; Promotion Over Pay; W-2 News; Women at Work.

Benefits Briefing: Health Care Reform – What Is Going Away?

The tide of regulations interpreting the 2010 Patient Protection and Affordable Care Act (PPACA) began to ebb in 2011, and portions of the law have even been repealed or put on hold.

Employers Return Attention to Retirement Benefits

As more signs of an improving economy bubble up, more employers are making tweaks to their retirement benefits to make them more attractive.

Negatives vs. Positives: Companies Try Penalties to Change Behavior, Trim Costs

More employers are opting for the stick over the carrot to prod employees into improving their lifestyles.

Experts: Do Not Rush into Reform Decisions

The full impact of health care reform remains as cloudy as ever, so it is crucial that employers tread carefully when making benefit decisions.