Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

Business Development Director

AimPoint Pension
(Remote / Pompano Beach FL / AL / GA)

AimPoint Pension logo

Director of 3(16) Operations

Compass
(Remote / NH / Hybrid)

Compass logo

Retirement Plan Administrator

Bates & Company, Inc.
(Remote / Winter Park FL)

Bates & Company, Inc. logo

Loan & Distribution Specialist

AimPoint Pension
(Remote)

AimPoint Pension logo

Defined Benefit Combo Cash Balance Compliance Consultant

Loren D. Stark Company (LDSCO)
(Remote)

Loren D.  Stark Company (LDSCO) logo

Regional Vice President of Sales

The Retirement Plan Company
(Remote / AL / FL / GA / MS)

The Retirement Plan Company logo

View More Employee Benefits Jobs

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile app icon
LinkedIn icon     Twitter icon     Facebook icon

15 Matching News Items

1.  U.S. Preventive Services Task Force Reissues Recommendations (PDF)
United Actuarial Services, Inc. Link to more items from this source
Apr. 3, 2017
"The four Recommendation Statements ... had previously been released as 'A' or 'B' recommendations. As such, affected non-grandfathered plans will most likely have few action items to come into compliance. Continued review of the Plan Document/SPD for consistency as Recommendations are issued would seem to be appropriate. The four Recommendations are: [1] Tuberculosis Screening for Latent Tuberculosis Infections; [2] Interventions to Support Breastfeeding; [3] Statin Use as a Preventive Medication; and [4] Folic Acid Supplements for Women of Child-Bearing Age."
2.  Informal MPRA Tips from Treasury, PBGC and DOL, Courtesy of the American Academy of Actuaries (PDF)
United Actuarial Services, Inc. Link to more items from this source
Apr. 6, 2017
"The Multiemployer Subcommittee of the American Academy of Actuaries (Subcommittee) met with members of the Department of Treasury, the [PBGC], and the [DOL] at the end of February 2017 and discussed applications by multiemployer pension plans in critical and declining status to suspend benefits or partition liabilities, as permitted under [MPRA].... [T]he Discussion Notes are a useful resource to summarize how these agencies saw the first 12 applications and what tips were offered to actuaries and plan sponsors at the meeting."
3.  Full Text of Final HIPAA Privacy Regulations (PDF)
U.S. Department of Health and Human Services [HHS] Link to more items from this source
Aug. 14, 2002
93 pages (486k filesize). (Thanks to Mike Ewing of United Actuarial Services, Inc. for snagging the file for us!)
4.  American Health Care Act: Summary of Changes Affecting Employer and Group Health Plans (PDF)
United Actuarial Services, Inc. Link to more items from this source
May 24, 2017
"The changes in the Bill would not directly affect the plan design of employer-sponsored group health plans (GHPs), including multiemployer group health plans.... Contrary to some published reports, the Bill does NOT change the way that 'no annual/lifetime limits' rules apply. That is, the Bill does not change the way self-insured plans choose a benchmark state plan for determining compliance with the 'no annual limits on essential health benefits' rules."
5.  Cybersecurity: ERISA Advisory Council Provides Tips for Pension and Welfare Plan Sponsors (PDF)
United Actuarial Services, Inc. Link to more items from this source
Apr. 20, 2017
"Every ERISA-governed employee benefit plan has confidential participant data it is required to protect. From the largest pension plan to the smallest vacation fund, employee benefit plans contain sensitive, personal, participant data which needs to be protected from unauthorized breaches. In developing a robust cybersecurity program, trustees will want to work closely with their IT vendor and other plan professionals."
6.  District Court Halts Implementation of Section 1557 Regs on Gender Identity and Termination of Pregnancy (PDF)
United Actuarial Services, Inc. Link to more items from this source
Jan. 6, 2017
"[On] December 31, 2016, the U.S. District Court for the Northern District of Texas issued an opinion preliminarily prohibiting HHS from enforcing, on a nationwide basis, the provisions of the regulation implementing Section 1557 concerning gender identity or termination of pregnancy. The regulations concerning certain required notices and taglines and translation aids aimed at individuals with limited English proficiency are not affected and are still in effect." [Franciscan Alliance v. Burwell, No. 16-108 (N.D. Tex. Dec. 31, 2016)]
7.  Agencies Publish Proposed Revisions to Form 5500 and Schedules (PDF)
United Actuarial Services, Inc. Link to more items from this source
July 31, 2016
"The proposed Form and Schedules have been annotated by the Agencies to note 'New' line items. A rough count of 'New' lines ... [1] Form 5500: 30 line items; [2] Schedule A: 6 line items; [3] Schedule C: 12 line items; [4] Schedule H: Well over 150 lines and sublines -- detailed breakouts of assets and investments; [5] Schedule MB: 11 line items; [6] Schedule R: 25 lines or sub lines; [7] Schedule J: all new -- over 100 line and sublines."
8.  Supreme Court Limits Reach of a Plan's Subrogation Clause Under ERISA When Participant Has Spent the Proceeds (PDF)
United Actuarial Services, Inc. Link to more items from this source
Feb. 14, 2016
"It may ... be possible to add language to the plan and subrogation agreement that requires the injured party (participant/beneficiary) and the attorney to sign an agreement that makes the unpaid monies subject to subrogation to the plan into 'plan assets' and the injured party and the personal injury attorney into 'fiduciaries' (much like unpaid employer contributions can become plan assets depending on the language of the collective bargaining agreement). In such a case, it seems the plan could bring an action under ERISA Section 502(a)(2) for breach of fiduciary duty against the injured party and the attorney."
9.  DOL Sues IAM National Pension Fund and Nine Trustees, Alleges Various Fiduciary Breaches (PDF)
United Actuarial Services, Inc. Link to more items from this source
Feb. 8, 2016
"The allegations are just that -- allegations -- until proven by the preponderance of the evidence in a court of law. However, the allegations provide examples of the types of behaviors and facts that the DOL considers to cross the lines of fiduciary duty and/or violate the rules on prohibited transactions under ERISA.... The allegations highlight areas for self-examination by pension plan trustees to ensure their plan and fellow trustees avoid the behaviors contained in the lawsuit."
10.  Draft Instructions to IRS 2015 Forms 1094-C and 1095-C Give Clear Guidance to ALEs Contributing to Multiemployer Plans (PDF)
United Actuarial Services, Inc. Link to more items from this source
Aug. 10, 2015
"Employers who contribute to a multiemployer plan that complies with the multiemployer interim guidance, can use the 1H/2E codes to report on employees for which it makes contributions to the plan. If such an ALE has other employees that are not covered by the multiemployer plan, it must also report those employees using the 1094/1095-C series forms. If such other employees are covered by an insured plan, the insurance company would do the reporting required under Part III of Form 1095-C."
11.  Anthem to Notify HHS of Breach and Provide Identity Theft and Other Protections (PDF)
United Actuarial Services, Inc. Link to more items from this source
Feb. 12, 2015
"[On] Wednesday February 11, 2015, Anthem announced that it would undertake the HIPAA Breach Notification requirements under the HIPAA Privacy Rules. In fact, according to Anthem, HHS does NOT want individual health care plans or plan sponsors to notify HHS of a 'breach' under the Privacy Rule. Anthem indicated it would also undertake the 'media' breach notifications. Anthem has stated it would be handling breach notifications required under state laws to the extent they are aware of such laws."
12.  Analysis of the Cost Impact of the Grassley/Alexander Multiemployer Plan Proposal (PDF)
Horizon Actuarial Services LLC, for Mechanical Contractors Association of America, Inc.; and United Association of Journeymen and Apprentices of the Plumbing, Pipefitting and Sprinkler Fitting Industry of the United States and Canada Link to more items from this source
Dec. 13, 2019
13 pages. "The total annual premium paid by all 143 [United Association of Journeymen and Apprentices of the Plumbing, Pipefitting and Sprinkler Fitting Industry of the United States and Canada (UA)] multiemployer plans would increase from approximately $13.8 million to an estimated $169.3 million. The increase in premiums would require an increase in contribution rates (or equivalent benefit reductions) of 8% to 13%, or more.... Retirees would be responsible for an estimated $25 to $50 million in co-payments on top of the $169.3 million paid by UA multiemployer plans[.]"
13.  Plaintiffs Refile Lawsuit Challenging Actuarial Equivalence Calculations in UPS Plan
planadviser Link to more items from this source
May 2, 2022
"The new complaint represents the plaintiffs' second try in arguing their case.... The plaintiffs suggest that UPS pension plan fiduciaries committed multiple ERISA breaches while calculating the value of joint and survivor annuity benefits to be paid out of the company's pension plan relative to the value of the plan's standard single life annuity option." [Brown v. United Parcel Service of America, Inc., No. 22-1672 (N.D. Ga. complaint filed Apr. 27, 2022)]
14.  District Court Dismisses Challenge to Actuarial Assumptions Used by UPS DB Plan
Pensions & Investments Link to more items from this source
Aug. 31, 2020
"[The judge stated] that the plaintiffs failed 'to exhaust administrative remedies' before taking its case to court.... [T]he suit, filed on Jan. 31 ... argued that the two UPS defined benefit plans used 1983 mortality data to calculate retiree benefits, which failed to account for people living longer and led to reduced benefits." [Brown v. United Parcel Service of America, Inc., No. 20-460 (N.D. Ga. Aug. 27, 2020)]
15.  Active Multiemployer Plan Participants Face Higher Contributions and Lower Benefit Levels (PDF)
Horizon Actuarial Services, LLC; United Association of Journeymen and Apprentices of the Plumbing, Pipefitting and Sprinkler Fitting Industry of the United States and Canada; and Mechanical Contractors Association of America, Inc. Link to more items from this source
June 26, 2019
26 pages. "[C]urrent active participants are already bearing the burden of recent decreases in benefits and increases in contributions ... The real value of the benefits provided by all seven plans in the study has declined significantly over time.... Contributions have increased significantly -- and considerably faster than wage inflation -- over time.... Maintaining active participation is crucial to the survival of multiemployer plans."

Your Search Options

  • If you have selected the Any Word radio button, above:

    Enter a single word, or as many words as you'd like (perhaps some synonyms). An item will match if it contains any one of the words.

    If you enter several words, the search engine will determine which words are the most important. So you can enter a question. Or you can paste an excerpt of several paragraphs from an article on another website to find similar news items on BenefitsLink.

  • If you have selected the All Words radio button, above:

    Enter several words. An item will match only if it contain every one of the words.

  • If you have selected the Advanced radio button, above:

    Certain words and punctuation take on special meanings—

    • Quotation marks can be used to require an exact phrase, such as
      "standard of review"
    • The words AND, OR and NOT become logic operators, which are especially powerful when used with parentheses, such as
      (vested OR vesting OR lifetime) AND (retiree OR retirement) AND (health OR healthcare) AND (benefits OR coverage)
© 2024 BenefitsLink.com, Inc.