DOL Increasing Health & Welfare Plan Audits

“‘I still talk to DOL investigators on a pretty regular basis, and they tell me they’re really focused on health and welfare plans right now…,’ [says David Donaldson, a former senior investigator with the EBSA (2009-2011), currently serving as president of the employee benefit consulting firm ERISA SMART]. ‘During my last quarterly training session while […]

By |2017-08-12T21:35:43+00:00February 20th, 2015|2015 News, News|

New Insurance Covers DOL Investigations

“Traditionally, fiduciary [liability] insurers have recognized a DOL investigation as a covered claim only after the DOL has sent a letter identifying alleged breaches of fiduciary duty at the end of its investigation. Under this structure, there is no coverage for defense costs during the investigation period. Pre-claim investigation coverage changes that. As soon as […]

By |2017-08-12T21:38:08+00:00February 15th, 2015|2015 News, News|

House Passes 40-Hour Workweek Bill

The House of Representatives recently approved the Save American Workers Act of 2015 (H.R. 30), a bill that would increase from 30 to 40 the number of hours an employee must work per week to be considered “full-time” under the Affordable Care Act (ACA). The number of employees that are considered full-time under the ACA […]

By |2017-08-12T21:40:42+00:00February 5th, 2015|2015 News, News|

Health FSA–HRA–HSA Comparison Chart

“This chart provides a general overview of the structure and operation of health flexible spending arrangements, health reimbursement arrangements, and health savings accounts, respectively. The chart highlights both the similarities as well as the key differences among these arrangements.” (Buck Consultants at Xerox)

By |2017-08-12T21:43:09+00:00February 2nd, 2015|2015 News, News|

Undocumented Worker Can Cause Health Plan Problems

“Employers know that since the 1980s they have been required to check the lawful work status of employees that they hire through the I-9 process. Employers also know that Immigration and Customs Enforcement (ICE) can audit their workplaces, as can the Department of Labor, and impose fines and other sanctions for failure to comply with […]

By |2017-08-12T21:52:40+00:00January 20th, 2015|2015 News, News|

IRS Releases 2015 Version of Publication 15-B (Employer’s Tax Guide to Fringe Benefits)

The IRS has released the 2015 version of Publication 15-B (Employer’s Tax Guide to Fringe Benefits), with information for employers on the dollar limits and tax treatment of various fringe benefits, including:

  • Accident and Health Benefits
  • Achievement Awards
  • Adoption Assistance
  • Athletic Facilities
  • De Minimis (Minimal) Benefits
  • Dependent Care Assistance
  • Educational Assistance
  • […]

By |2017-08-12T21:55:28+00:00January 12th, 2015|2015 News, News|

Being Proactive v. Reactive – ACA’s Prohibition on Discrimination in Group Health Insurance

“Back in 2010, the ACA enacted a new rule prohibiting insured group health plans from ‘discriminating’ (on the basis of eligibility or provision of benefits) in favor of highly compensated individuals (called ‘HCIs’). This rule generally became effective January 1, 2011 for calendar year plans; however, there is and has been an enforcement delay pending […]

By |2017-08-12T21:57:38+00:00January 2nd, 2015|2015 News, News|