Join the nation's top retirement services marketing, sales, administration and record keeping professionals at the SPARK Forum. Gain insights into the latest industry trends. Attend sessions designed specifically for TPAs, Advisors and RIAs. Participate in interactive sessions on marketing, operations, investments and distribution issues, and network with peers from national banks, insurance companies, mutual fund complexes, investment firms, third party administrators, benefit consulting organizations and financial advisory firms.
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[Guidance Overview]
ERRP Claims Submission Process Goes Live (PDF)
2 pages. Excerpt: "Beginning [October 25, 2010], plan sponsors with approved applications are able to report costs and request reimbursement on the ERRP site."
(Buck Consultants)
Honeywell Stops Offering Some Retirees Group Coverage
Excerpt: "Beginning Jan. 1, 2011, Honeywell will transition some retirees to an individual market plan from company coverage, Honeywell said in an e-mail. Affected retirees must enroll in a new individual plan to have Medicare supplemental coverage after Dec. 31, 2010."
(Business Insurance)
Conflict Over Health Benefits Brochure Required by Health Reform
Excerpt: "The little-noticed provision in the health reform law calls for insurers to outline their health insurance plans on a standardized, four-page form with information about costs, benefits and definitions of commonly used terms."
(Capitol News Company LLC)
Health Care Reform and Employers: Next Steps (PDF)
2 pages. Excerpt: "In the coming years, employers will need to think about levels of benefits to offer, how to control costs and manage employee health, various new reporting requirements."
(Milliman)
[Opinion]
Death, Taxes, and Health Care Costs
Excerpt: "Ultimately, the rise in health care spending affects cash flow and market values for all companies. While some firms are cutting back on their exposure by eliminating health care benefits for retired employees who may purchase private plans, the bill for the active workforce remains a large, often unpredictable expense, unlike that of pensions having a defined contribution plan."
(Forbes.com)
[Opinion]
Letters to the Editor: ObamaCare Encourages Employers to Drop Insurance
Excerpt: "Tennessee Gov. Philip Bredesen makes a persuasive case that public and private employers will be sorely tempted to eliminate employee health coverage once ObamaCare subsidies kick in and insurance exchanges are fully operational . . . ."
(The Wall Street Journal)
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Benefits in General; Executive Compensation
[Guidance Overview]
Proposed SEC Rules on Dodd-Frank's Executive Compensation Shareholder Approval Rules (PDF)
5 pages. Excerpt: "[P]ublic companies should be carefully considering (1) how to refine their 2011 CD&As and tabular disclosures to defuse issues that could trigger shareholder or proxy advisory firm criticism, and (2) what, if any, changes to golden parachutes should be made in 2011 so as to secure shareholder approval."
(Paul, Hastings, Janofsky & Walker LLP)
[Guidance Overview]
SEC Proposes Say-on-Pay Rules
Excerpt: "New SEC proposed rules would implement the Dodd-Frank Act's say-on-pay mandates for nonbinding shareholder votes on executive pay, the frequency of executive pay votes and golden parachutes."
(Mercer LLC)
Treasury Moving to Electronic Payroll Savings Bonds
Excerpt: "The U.S. Department of the Treasury has ended the sale of paper U.S. Savings Bonds through employer-sponsored payroll plans, effective September 30, 2010, for federal employees."
(PLANSPONSOR.com)
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