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March 2, 2011 Retirement Plans Newsletter  |  Advertise  |  Unsubscribe  |  Past Issues

[Guidance Overview]
Strong Message Sent with Two HIPAA Privacy Rule Enforcements Within One Week
"[T]he message is clear that HIPAA-covered entities and business associates need to take HIPAA and HITECH compliance seriously. HIPAA/HITECH compliance programs are essential and continued training of employees and monitoring of compliance are crucial." (Nixon Peabody LLP)


Looking Ahead to the Health Care Exchanges: What You Need to Know (advert.)

Sponsored by The International Foundation of Employee Benefit Plans

Health insurance exchanges are a central element of health care reform, but the organization and operation of the exchanges raises many questions. This Webcast will look a take a look ahead to the exchanges and address your questions. Register Now!


Health Care Reform Update, 2/28/11 (PDF)
"On February 25th HHS released a new report highlighting the resources and flexibility provided to states to improve health care benefits and protect consumers. [http://www.healthcare.gov/center/reports/states02252011a.pdf]" (Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.)

Barriers Remain, But Study Shows Value-Based Health Plan Design Surging Forward
"[It's hard to design] specific to your company unless you have a workaround, and the workaround is this: creating an incentive-based design outside of insurance for getting your biometric screen - at the bare minimum - and doing a health risk appraisal if it's affordable." (Employee Benefit News; free registration required)

A Common-Sense, Six-Step Approach to Launching a New Benefits Program
"For once, we weren't trying to innovate, iterate or invest in something new. We simply wanted to successfully launch a consumer-driven health plan. We thought it would be easy . . . ." (Employee Benefit News; free registration required)

Employees Challenge Wellness Program in ADA Class Action
"A federal district court in Florida must determine whether a wellness program that charges employees an additional $20 in bi-weekly health insurance premiums if they refuse to undergo biometric screenings or fill out health risk assessments is permissible under the Americans with Disabilities Act . . . ." (Mercer LLC)


The Most Complete, Current, Easy-to-Use HSA Resource Available! (advert.)

Sponsored by Aspen Publishers

Health Savings Account Answer Book answers every HSA question... clarifies every HSA issue... in a format that's quick and easy to use. It tells you virtually everything you have to know to profit from HSAs.


[Opinion]
My Take on Health Reform Developments: SPBA's Active Past President Fred Hunt
"This e-mail is to help you cut through the dense fog of rhetoric & posturing of the various sides & pundits describing the current situation and what it means. The truth is that it is not what any of them are saying." (The Society of Professional Benefit Administrators)

Benefits in General; Executive Compensation

[Guidance Overview]
A Review of Recent Developments in Employee Benefits and Executive Compensation
The review covers the following: liabilities to ERISA pension and welfare plans when planning and executing an acquisition of a company; Lactation Supplies as Medical Expenses; Determination Letter Five-Year Cycle; Guidance Regarding Termination of 403(b) Plans; and, Illinois Civil Union Law Impact on Employee Benefit Plans. (Blank Rome LLP)

7th Circuit Says Courts Owe Deference to Top-Hat Plan Administrator's Interpretation
"Executive retirement plan administrators didn't act arbitrarily or capriciously in deciding that discretionary stock-linked payments are a 'bonus' excluded from compensation recognized in the benefit formula . . . ." (Mercer LLC)

Employee Ownership Update for March 1, 2011
Corey Rosen discusses the following: Employee participation in ESPPs is rising. At a Rutgers symposium, researchers presented more than 28 papers. The IRS has put into regulations the long-held assumption that companies are considered privately held unless their stock is readily tradable on an established security market. A district court held that, unless fiduciary decisions actually caused investment losses in employer stock, fiduciaries could not be held accountable for them. (National Center for Employee Ownership (NCEO))

Press Releases

Society of Actuaries' Risk Report Highlights Impact of Inflation on Retirement Planning
(Society of Actuaries)

Great-West Retirement Services Testimony at DOL Hearing on Definition of a Fiduciary
(Great-West Retirement Services)

The SPARK Institute Requests Guidance, Flexibility And Adequate Time For Compliance At Hearing On Definition Of Fiduciary
(SPARK Institute)

New Report Urges Employers, Researchers and Policy Makers to Rethink How They Measure Health Care Results
(Integrated Benefits Institute)

New Guide from CHOICE Administrators Makes Health Savings Accounts Easy to Understand
(CHOICE Administrators)

New Report Urges Employers, Researchers and Policy Makers to Rethink How They Measure Health Care Results
(National Pharmaceutical Council)

Investment Advisor Is Certified For Fiduciary Excellence
(Centre for Fiduciary Excellence (CEFEX))

New Research Brief Finds Private Sector Pensions Regulated To Death
(National Institute on Retirement Security)

Weight Loss and Stress Reduction Top the List of Employee Wellness Concerns for 2011, According to ComPsych Survey
(ComPsych)

Whirlpool Corporation Recognized by IBI and NBCH for Health & Productivity Leadership in Transforming Benefits Program
(Integrated Benefits Institute and National Business Coalition on Health)

Highmark Study Shows Worksite Wellness Programs Slowed Health Care Cost Growth
(Highmark Inc.)

FreeWave Technologies Continues to Reward Employees as Company Continues Path of Growth and Success
(FreeWave Technologies)

International Forum for Investor Education Elects New Officers
(International Forum for Investor Education)

National Federation of Independent Business Names EMPLOYERS Provider of Choice for its Members
(Employers Holdings, Inc.)


Employee Benefits Jobs

Regional VP/External Wholesaler – Northern New Jersey in ANY STATE, NJ for Transamerica

Benefits Consultant in CA for Full Service Employee Benefit Solutions Provider to Global Clients

Stock Administrator in MO for DST Systems, Inc.

Post Your Job on EmployeeBenefitsJobs.com

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Webcasts and Conferences

2011 Fiduciary Changes for Employer-Sponsors of 401k Retirement Plans
in Michigan on April 12, 2011 presented by Warner Norcross & Judd LLP

401(k) Rekon Advisor Symposium- Tyson's Corner
in District of Columbia on March 31, 2011 presented by 401(k) Rekon


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Jeanette Hull, News Editor
David Rhett Baker, J.D., Editor and Publisher
dbaker@benefitslink.com

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