Regulation and compliance
Regulation and compliance
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By now, some of your clients have come to you with a problem: How do I address this tax filing for IRS 6055/56? For some reason, their payroll vendor is unable to deliver or wants an arm and a leg to do the filing. You hold out hope that somehow this will blow over and get resolved. But as we get into the summer months, a greater number of your clients lacking in options will
June 3 -
CMS says agent fees and commission cannot be excluded from issuer MLR reporting requirements unless these very specific criteria are met.
June 3 -
Defined contribution plan sponsors remain in regulatory limbo regarding their obligations to maintain detailed documentation surrounding employee 401(k) hardship withdrawals.
June 2 -
In Tibble v. Edison, the Supreme Court did not expound on what a retirement plan fiduciary's duty to monitor entails, which is a bone of contention for ERISA attorneys and 401(k) plan sponsors.
June 1 -
Too many employee benefit plan audits are deficient, finds a new report from the U.S. Department of Labor, putting up to $653 billion and 22.5 million plan participants and beneficiaries at risk.
June 1 -
Its imperative employers carefully review and consider the language used not only in employee confidentiality agreements but also separation agreements, employment agreements, personnel handbooks and other documents which impose confidentiality restrictions.
May 28 -
Commentary: Recent guidance issued jointly by the U.S. Departments of Labor, Health and Human Services and the Treasury clarifies how the Affordable Care Act's requirement to provide cost-free coverage for preventive care applies to several types of products and services.
May 28 -
Questions from industry stakeholders have prompted the Obama administration to clarify annual limits on cost sharing under the ACA and how they apply to individuals, families, and self-funded and large group health plans.
May 28 -
The ACAs mandated expansion of the definition of the small group market would limit employers health plan options and lead to premium increases, according to employer groups that are urging the repeal of the mandate before it takes effect in 2016.
May 27 -
Although the U.S. Supreme Courts 2014 ruling in the Burwell v Hobby Lobby Stores case addressed in broad terms how exceptions to the Affordable Care Acts mandate for contraceptive benefits coverage can be granted in the private sector, it left some unresolved questions both in the for-profit and in the nonprofit world.
May 26 -
A win for King would have economic benefits for both individuals and employers, according to one think tank.
May 26 -
Commentary: The midpoint of the tax year is almost upon us, and many still have work to do to prepare for the new IRS 1094-C and 1095-C filings.
May 26 -
Commentary: Expatriate health plans are here are key definitions and relief as well as the recent IRS guidance on calculations for the 2014 and 2015 fee years.
May 21 -
Its not enough to simply post a summary plan description on an employers intranet to satisfy the ERISA requirement that such information be furnished to plan participants.
May 21 -
To avoid breach of fiduciary duty claims in the future, retirement plan sponsors need to reexamine the investment policy statement for their 401(k) plans to make sure they are doing enough to make sure workers retirement funds are invested in the lowest fee and best investments possible.
May 19 -
Commentary: Supreme Court decision yields universal agreement that fiduciary duty is an ongoing responsibility, affirms four best practices for plan advisers to follow.
May 19 -
The U.S. Supreme Court issued a decision Monday that could have far-reaching implications for how long a retirement plan participant has to sue an employer for breach of fiduciary duty in a 401(k) plan.
May 18 -
The U.S. Supreme Court said 401(k) plans have a duty to monitor the investment options they offer, in a ruling that may help investors press lawsuits over underperforming funds and excessive fees.
May 18 -
Only 10% of some 480 employers in 36 industries responding to a recent poll have implemented an in-house or outsourced solution to comply with Affordable Care Act reporting requirements.
May 15 -
Just over one year ago, President Obama signed a Presidential Memorandum directing the Secretary of Labor to restore the common sense principles related to overtime.
May 14