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Category: News

Critical Amendment Deadline Approaching for Defined Benefit Plans

Sponsors of single-employer defined benefit pension plans will need to amend those plans soon to comply with a critical requirement of the Pension Protection Act of 2006.

Employers Remain Uncertain on Impacts of PPACA

Employers will have a number of obligations and opportunities as the heart of the Patient Protection and Affordable Care Act of 2010 (PPACA) is implemented in 2014. But if they are only listening to the chatter of the debates, they are not getting the …

Unintended Consequences of Individual Benefit Discussions

It happens all the time: Employees who are considering retirement ask HR staff about their post-employment benefits. If the answers those employees receive turn out to be incorrect, the responders may be accused of violating their fiduciary duties und…

ERISA Section 408(B)(2) Disclosures: Now What?

By now, most retirement plan sponsors will have received a flurry of disclosures from vendors who provide services to their plans. Those disclosures (commonly known as 408(b)(2) notices) should have been provided by July 1, 2012. Employers may think th…

Victim’s Mother May Rely on Post-Amara Equitable Remedies

Check out the latest episode in the sprawling saga of equitable remedies under ERISA. The question, as always, is whether a participant is entitled to something for which the plan document does not expressly provide. This time, the answer appears to b…

The HIPAA Police Are Here

Recent activity by regulators suggests a trend toward stricter HIPAA enforcement.

Year-End Amendment Deadline Under Code Section 409A

In the last two years, the IRS has issued several pieces of guidance regarding the correction of deferred compensation arrangements that violate the requirements of Code Section 409A.

Guidance on “Full-Time” Employees, 90-Day Waiting Period

Starting in 2014, larger employers (generally, those with 50 or more employees) may face "shared responsibility" penalties if any of their "full-time" employees receive subsidized health coverage through an "Affordable Insuranc…

Grandfathered Status for 2013

"Grandfathered" health plans that have not undergone significant changes since the Patient Protection and Affordable Care Act (PPACA) was enacted in March 2010 will once again have to assess whether the plan can and/or should try to retain su…

MAP-21: Pension Funding Relief — and Much More

In this case, sponsors of defined benefit pension plans received the funding relief they had sought, but only because the added tax revenues will help pay for transportation projects and prevent student-loan interest rates from doubling.

Highlights of the Patient-Centered Outcomes / Comparative Effectiveness Fee

Find out what you may need to do to comply with with the patient-centered outcomes provision of the health care reform law.

Highlights of the New FSA Limits

As enrollment time approaches, employers should be aware of the new contribution limits on flexible spending accounts (FSA) imposed by the health care reform law.

Highlights of the New SBC Rules for Employers

As enrollment time nears, employers should be aware of the new summary of benefits and coverage (SBC) rules under the health care reform law.

MLR Rebate Questions and Answers

Find out what you need to know regarding the medical loss ratio (MLR) rebates stemming from the health care reform law.

Overview of Medical Loss Ratio Rebates

Medical loss ratio (MLR) rebates are due in August, which means employers should plan how they will handle any rebates they may receive.

Court Rejects ‘Equitable Remedies’ in SPD Case

In some ways, the Ninth Circuit’s recent decision in Skinner v. Northrop Grumman Retirement Plan B is a garden-variety example of a classic fact pattern: The terms of a summary plan description (SPD) promise better benefits than the plan document it su…

A Common Mistake: Miscalculating Matching Contributions

Sponsors of 401(k) plans often fail to make the proper employer matching contribution called for under the terms of the plan document. Although there are any number of causes for this failure, a common one involves the timing of matching contributions.

Preparing for the Supreme Court Decision on Health Care Reform

How the Court rules is anybody’s guess. What is certain, however, is that the decision will seriously shape employer-sponsored benefits in the short and long term.

As Fee Disclosure Deadlines Approach, DOL Issues More Guidance

After more than four years of regulatory starts and stops, plus the threat of a legislative solution, two separate sets of fee disclosure regulations issued by the Department of Labor (DOL) will finally become effective this summer. These regulations w…