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 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.
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?
ERISA can be a complicated law to navigate, especially for companies that dont have access to internal resources who understand the inner workings and compliance issues of 401(k) plans. Pay close attention to these 10 items to avoid catching the eye of the DOL.
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.
Its almost the end of National Disability Employment Awareness Month, but employers fully acknowledge the importance of disability insurance and absence management programs for employees. New research reveals how employers are using absence management programs and disability insurance benefits to help their employees get back to work.
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.
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.
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.