Are Your Qualified and Nonqualified Employee Benefit Plans in Compliance With the New ERISA Disability Claims Regulations?
“[W]here a plan does not provide for its own fiduciaries to make a determination of disability — but instead defers to the determination made by the administrator of another plan (like the employer’s long-term disability plan) — then only the terms of the other plan need to be amended. Examples […]
Association Health Plans: Proposed DOL Rules Create Potential Opportunity for Associations and Small Employers
“On Jan. 5, 2018, the Department of Labor (DOL) issued a proposed rule that would make it easier for small businesses to join together to purchase health insurance.
The DOL recently issued a final rule that increases civil monetary penalties for violations of ERISA and other federal laws such as the Fair Labor Standards Act (FLSA), Family Medical Leave Act (FMLA) and […]
“The new venture will focus on the collective buying power of employers who purchase healthcare for the 1.15 million employees in their organizations. Their approach features five strategies widely used by large self-insured employers to contain their employee health costs. This one […]
“Several employer deductions will be reduced or eliminated, including the cost of business-related entertainment expenses and qualified transportation fringe benefits, but employers may be able to claim a credit for a percentage of wages paid to qualifying employees on family and medical leave…. [E]mployees can no longer exclude moving expense […]
“On December 22, 2017, President Trump signed into law a tax bill reconciling both the House and Senate versions of the so-called Tax Cuts and Jobs Act. The Act’s major provisions are lowering the corporate tax rate to 21% effective in 2018, and repealing the individual mandate under the Affordable […]
“To become a MEWA, a plan needs only to cover employees of two or more employers. Because intent is irrelevant, an employer can find itself inadvertently creating a MEWA if it allows employees of other employers or nonemployees to participate in its welfare plan…. Once a MEWA, a plan can […]
ERISAPros would like to thank you for your business and partnership. We wish you a happy and healthy 2018.
New Year’s Resolution
At this time of year, many people resolve to change or modify their behavior or actions to lead a better life. We at ERISAPros would like […]
“QUESTION: Our company will soon begin offering coverage under our health plan to employees’ domestic partners. What rights do domestic partners have under COBRA? May terminating employees elect to continue coverage for their domestic partners?” EBIA
"The House initially took a heavy hand to many favorable executive compensation provisions and made some important changes in the retirement and welfare areas, but the House Ways and Means Committee relented a bit. The Senate Finance Committee proposal, as modified ...