Sponsors of self-funded health plans often fail to offer COBRA coverage on a timely basis to employees who are placed on a leave of absence. This mistake can lead to a most unpleasant result the denial of stop-loss coverage. ...
If the answers those employees receive turn out to be incorrect, the responders may be accused of violating their fiduciary duties under ERISA, and the plans at issue may be required to pay unexpected benefits....
Employers may think that, once received, these disclosures may simply be filed away with other plan documents but that could prove to be a costly mistake. ...
Here we have the latest episode in the sprawling saga of equitable remedies under ERISA. The question, as always, is whether a participant is entitled to something for which the plan document does not expressly provide. This time, the answer appears to be “yes.” Let’s...
In the last two years, the IRS has issued several pieces of guidance regarding the correction of deferred compensation arrangements that violate the requirements of Code Section 409A. ...
“Grandfathered” health plans that have not undergone significant changes since the Affordable Care Act (ACA) was enacted in March 2010 will once again have to assess whether the plan can and/or should try to retain such status for 2013. ...
In this case, sponsors of defined benefit pension plans received the funding relief they had sought, but only because the added tax revenues will help pay for transportation projects and prevent student-loan interest rates from doubling....
Instead of keeping employees in the dark about how the Workers’ Compensation system functions for fear of encouraging more fraudulent claims, organizations would likely be better off proactively enlisting their people in the cost-control crusade....
What you may not know about 401(k) fee disclosures...
Here are five ways technology is growing the JSA trend....