Plans, Perks & Pay | Employee Benefits & Executive Compensation Blog

Subscribe

Blog Editors

Topics

Archives

Posts in Department of Labor (DOL).
By Jeffrey Herman on July 9, 2018 at 9:45 AM

Businesspeople assembling papers to show a colorful umbrellaI previously examined the proposed rule by the U.S. Department of Labor (DOL) to expand so-called Association Health Plans, or AHPs, under the Employee Retirement Income Security Act of 1974 (ERISA). In a nutshell, the proposed rule was designed to make it easier for employers to form a group in order to provide health benefits to their employees through an AHP. These new AHPs would have more freedom to restrict benefits in order to provide more affordable coverage.

Facebook Twitter LinkedIn Google+ Email
By Heather Mehta on May 7, 2018 at 2:40 PM

Plant growing out of a jar of money, showing results of an investmentThe Department of Labor (DOL) recently reiterated its position that plan fiduciaries are not permitted to sacrifice investment return or take additional investment risk to promote “collateral social policy goals.”

The DOL reasoned that environmental, social and governance factors are not typically relevant economic factors that should be used to evaluate investment alternatives. In some situations, when they reflect business risks or opportunities, they can be treated as economic considerations and more than mere tie-breakers. However, ERISA fiduciaries must always put the economic interests of the plan first.

Facebook Twitter LinkedIn Google+ Email
By Jeffrey Herman on January 22, 2018 at 9:15 AM

Health insurance application form on a wooden table with glassesIn Executive Order 13813, President Donald Trump made it the official policy of the executive branch to find ways to expand the use of Association Health Plans (AHPs) as a means of providing quality, affordable coverage across state lines.

On January 4, 2018, the U.S. Department of Labor issued a proposed rule designed to do just that. Based on 2015 figures, the proposed rule has the potential to impact the health coverage of about 44 million people, whether by expanding coverage to the uninsured, by making more affordable coverage available to sole proprietors and small employers, or by cutting back some individuals’ benefits.

Facebook Twitter LinkedIn Google+ Email
By Jeffrey Herman on September 14, 2016 at 9:25 AM

Stack of papers with magnifying glassUPDATE (Sept. 29, 2016):
On Sept. 23, 2016, the Department of Labor announced that the deadline for submitting comments would be extended by more than two months, to Dec. 5, 2016.


ORIGINAL POST:
The Department of Labor (DOL) — jointly with the IRS and the Pension Benefit Guaranty Corporation — has proposed major revisions to the Annual Returns/Reports under the Employee Retirement Income Security Act of 1974 (ERISA), more commonly known as Form 5500s. The proposed revisions will require plan sponsors to provide more information, some of which may open the door to litigation risks.

Facebook Twitter LinkedIn Google+ Email
By Heather Mehta on August 4, 2016 at 9:56 AM

Government updates ACA reporting forms, SBC templateThe Department of Labor, the Internal Revenue Service and the U.S. Department of Health and Human Services have released final versions of the Summary of Benefits and Coverage (SBC) template and Uniform Glossary documents required under the Affordable Care Act.

Facebook Twitter LinkedIn Google+ Email

This website uses cookies to improve functionality and performance. If you choose to continue browsing this website, you consent to the use of cookies. Read our Privacy Policy here for details.