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President Barack Obama outlined steps Nov. 20 that would revamp the nations broken immigration system by allowing undocumented immigrants to play by the rules and gain work authorization potentially changing the rules for benefit managers.
A majority of employers regardless of workforce size are planning to keep their health plan coverage going into next year as the Affordable Care Acts employer mandate takes effect.
The 2014 midterm elections did more than just make paid sick leave benefits mandatory and increase minimum wage; ballot measures also approved recreational use of marijuana in various states and regions.
The funded status of some multiemployer pension plans has not seen any drastic improvements since the great recession. But now, as proposals lurk in Congress to eliminate pension liabilities and improve the overall insolvency of these plans, there may be changes on the horizon.
The Supreme Court is set to decide the question of whether plan sponsors bound by a collective bargaining agreement have to provide medical benefits for the duration of a retirees lifetime, even after the collective bargaining agreement expires.
Open enrollment season is designed to not only allow employees to make changes to their plans, but also to educate them. Likewise, employers and advisers should use the fourth quarter as an opportunity to stay abreast of the latest changes in health care plans. Here are six trends to watch for during the 2014-2015 open enrollment season.
It was anticipated. It happened. The Republicans have taken control of the Senate. So what can benefits managers tell employees who are concerned of possible changes surrounding the Affordable Care Act?
The IRS last week announced new adjustments for retirement plans, including for 401(k) deferrals, contributions and benefits, and the amount of compensation counted for plan purposes beginning in 2015. Heres what you and your employer clients need to know.
Employers today face continuing challenges when it comes to managing Family and Medical Leave Act and Americans with Disabilities Act regulations. These laws seek to protect employees who may need to be absent from work for a period of time due to a disability or health condition.
For the third time in recent months, the Equal Employment Opportunity Commission has launched legal action against a private employer, claiming discrimination on the part of the companys wellness program.
Alongside the IRS announcement last week to increase contribution caps to 401(k) plans, the Department of Labor issued guidance that will ease plan sponsors abilities to offer annuities as part of their retirement plans.
A controversial ballot measure in California is getting national attention from the benefits industry. Heres what it is and why it matters.
Earlier this year, the Employee Benefits Security Administration at the U.S. Department of Labor, outlined initiatives to educate and protect 401(k) plan participants. Along with those initiatives comes an increased risk of a DOL audit for companies that dont take the necessary steps to ensure their benefit plans are compliant and being properly administered for their employees.
The Pension Protection Act of 2006 has helped to reduce costs and limit liabilities for multiemployer plans. But the landmark legislation will sunset at the end of the year, which has many stakeholders and consultants predicting future retirement uncertainty for the more than 10 million participants in multiemployer plans across the nation.
Given the past high-profile data security breaches at large retailers Target and Home Depot, legal officials maintain there may be more at stake for employers and benefit managers when lapses occur in health care provider systems.
With the Affordable Care Acts employer shared responsibility reporting requirements for 2015 quickly approaching, benefit advisers should already be working with employer clients to implement benefit administration systems to ensure compliance with the law, industry experts say.
Since the onset of the recession, there has been a surge in worker misclassification litigation and enforcement against employers that are trying to effectively manage their finances, but are incorrectly classifying their workforces.
The IRS has released long-awaited final regulations that clarify market rate of return issues for cash balance and other hybrid plans. The new rules, effective for the first plan year that begins on or after Jan. 1 2016, sponsors of hybrid plans a clearer path forward.
The Sixth Circuits ruling in Moyer makes clear that administrators of ERISA-governed plans with contractual time limits on when a participant must initiate judicial review of a denial of benefits should err on the side of caution.
Commentary: Consider that employers nationwide spend billions of dollars to give their employees access to medical care and other important insurance coverage. While most businesses offer health and welfare benefits to remain competitive for talent, they end up creating a valuable by-product in the process.
