Regulation and compliance
Regulation and compliance
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This year, a number of rulings and hearings relating to labor and employment issues were decided at all judicial levels, up to the Supreme Court, that many say will have significant ramifications for employers and benefit plans in the coming years.
December 4 -
Despite enhanced compliance and tracking requirements in the post-ACA world, benefits administrators are still reluctant to adopt to new, time-saving technology, especially at small businesses.
December 3 -
HHS proposes making some significant changes to the ACA in 2016, including controversial new requirements for brokers and agents that some say put them at an unfair disadvantage.
November 25 -
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.
November 21 -
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.
November 20 -
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.
November 19 -
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.
November 12 -
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.
November 10 -
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.
November 6 -
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?
November 5 -
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.
October 31 -
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.
October 30 -
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.
October 29 -
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.
October 28 -
A controversial ballot measure in California is getting national attention from the benefits industry. Heres what it is and why it matters.
October 27 -
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.
October 21 -
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.
October 15 -
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.
October 14 -
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.
September 29 -
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.
September 29