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4 Matching News Items

1.  Ohio Association to Offer Self-Funded Health Plan as MEWA for Small Businesses
Crain's Cleveland Business Link to more items from this source
Aug. 30, 2016
"The Council of Smaller Enterprises (COSE) soon will offer a self-funded, multiple-employer health plan for small businesses through a contract with Medical Mutual of Ohio. COSE received approval from the Ohio Department of Insurance to sponsor the new option. COSE's current fully-insured plans through Medical Mutual are still available. The COSE Health and Wellness Trust ... is a Multiple Employer Welfare Arrangement (MEWA) that brings together businesses with 50 or fewer employees, including sole proprietors, to self-fund their health plans."
2.  Employee Benefits Due Diligence Should Be at Top of M&A Checklist
Fisher Phillips LLP, via Crain's Cleveland Business; free registration required Link to more items from this source
Jan. 19, 2022
"No matter how the buyer seeks to limit its potential liability, ... the days of ignoring employee benefits and other employment-related issues in the diligence process are history. These issues matter in terms of legal liability, deal valuation (and evaluation) and post-acquisition integration of operations/policies/assets."
3.  Spring-Cleaning Your Organization's Retirement Plan
Crain's Cleveland Business Link to more items from this source
Mar. 25, 2013
"Here are a few tasks, which may 'spruce up' your plan: Confirm the appropriate compliance testing has been performed and the Form 5500 is being prepared.... Cash out small balances.... Review the list of those needing to take a Required Minimum Distribution (RMD).... Update beneficiary forms.... Review your plan's Investment Policy Statement (IPS).... Confirm receipt, distribution and review of all fee disclosure documents.... Set dates to review education strategy, investments and plan costs."
4.  How to Communicate Employee Benefit Plan Changes
Crain's Cleveland Business Link to more items from this source
Aug. 1, 2012
"To comply with healthcare reform, many employers will be faced with plan design changes. Employers must then ask 'How do I communicate this to my employees?' ... The key to getting this right is consistency between all of the documents. And a cautious employer will not craft new summaries or letters that conflict with the ERISA required documents. If you want to send a cover letter to employees with the updated ERISA documents, make sure it is entirely consistent with the ERISA documents. Inconsistency can be the basis for an employee lawsuit."

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