News Feed

  • Prior to 2006, employers were required to submit determination letter requests to the IRS during certain periods. These periods - during which plans were required to be amended for various tax acts, such as the Economic Growth and Tax Relief Reconciliation Act of 2001 - are referred to as the remedial amendment periods. In Revenue Procedure 2005-66, as modified by Revenue Procedure 2007-44, the IRS created a staggered determination letter program. This process was established to spread the IRS' work over a period of years, thus freeing up resources to perform retirement plan audits. The periods to submit qualified retirement plans for determination letters are based upon a plan sponsor's employer identification number.

    December 1
  • Anticipating the increase in age of covered dependents to 26 starting in 2011, as required by the Patient Protection and Affordable Care Act, the benefits team at Dick's Sporting Goods decided to clean the company's benefit rolls data with a dependent eligibility audit before this provision went into effect and before annual enrollment in the fall of 2010.

    December 1
  • Athletic trainers may have had their roots on the playing field, but the profession has branched out. Large employers such as Toyota, General Motors, Delta Airlines and Boeing have used athletic trainers for years to prevent and treat injuries on the production line and manufacturing floor. While athletic trainers traditionally have worked in an athletic environment, a sprained ankle on an pro athlete is no different than a sprained ankle on a baggage handler at an airport, says Tom Bair, an athletic trainer with ProgressiveHealth Aviation Services in Atlanta.

    December 1
  • EBN's annual Benefits Barometer is a comprehensive and convenient benchmarking guide to everything from average annual premiums for health coverage to the number of investment options in 401(k) plans.

    December 1
  • Electronic medical records are being hailed as a way to save money, but they're also making it easier to commit fraud; text analytics and sophisticated data mining software can help stop it.

    December 1
  • Just one generation ago, HIV/AIDS was regarded as a relentless and indiscriminate killer. In the early 1980s, when the federal government first started tracking the disease, a newly diagnosed patient had a maximum two-year life expectancy, and HIV/AIDS related illness was the second-leading cause of death in American men. Today, it's not even in the top 10.

    December 1
  • Tax deduction available for employee retirement-plan contributions to in Japan; Korea amends retirement legislation.

    December 1
  • What is it? No, not your vending machine/cafeteria options. Not employee engagement (or lack thereof).

    December 1
  • 'Twas the night before Christmas when all through HR, the year's work was done, some mundane and some bizarre.

    December 1
  • We all talk about it. We all mean to do it. But redesigning your retirement plan with the needs of women and minorities as a priority is something that takes things most of us just do not have in our quiver of resources - time, money for the match or employer contribution, staff and the data to know what the issue really is for your population so you can make a difference.

    December 1