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March 16, 2011 Retirement Plans Newsletter  |  Advertise  |  Unsubscribe  |  Past Issues

[Guidance Overview]
Employers Should Beware of Genetic Information Nondiscrimination Act When Administering the FMLA
"The GINA regulations apply both to public and private employers with 15 or more workers. Accordingly, those employers subject to the FMLA, which covers employers with 50 or more workers within a 75-mile radius, all would be subject to the GINA regulations." (Law Firm of Pepper Hamilton LLP)


Celebrate National Employee Benefits Day On April 4, 2011 (advert.)

Sponsored by The International Foundation of Employee Benefit Plans

This year National Employee Benefits Day focuses on communicating employee benefits. The International Foundation website is full of resources to help you celebrate! Visit www.ifebp.org/benefitsday.


[Guidance Overview]
Assignments of Benefits: Do They Include Rights to Statutory Penalties & Attorneys' Fees?
"Although a short, unpublished opinion, the decision in Eden Surgical Ctr. v. B. Braun Med., Inc. raises an important question. Does the assignment of benefits by a patient to a provider confer rights under an ERISA group health plan to assert other claims, such as a claim for statutory penalties and attorneys fees?" (Health Plan Law)

[Guidance Overview]
Fifth Circuit Determines That ERISA Preempts State Law Claim That Participant Was Not Married
"When the plaintiff's father died, a death benefit became payable under the Plan. But to whom? The Plan provided that the death benefit would be paid to the covered individual's spouse, or if none, to his children. At the time of his death, the father was residing with a woman that he had earlier divorced." (ERISA Lawyer Blog)

[Guidance Overview]
Maintaining Grandfathered Plans Under Health Care Reform: Is it Worth the Bother? (PDF)
"With high health care inflation . . . companies may find that grandfathering the plans (which precludes many cost-saving changes) is too expensive." (Charles C. Shulman, Esq. in BNA Pension & Benefits Daily)

The Commonwealth Fund 2010 Biennial Health Insurance Survey
"this report examines the effect of the recession on the health insurance coverage of adults between the ages of 19 and 64 and the implications for their finances and access to health care." (The Commonwealth Fund)


The 8th Annual World Health Care Congress(WHCC). April 4-6, 2011 (advert.)

Sponsored by World Congress

The 8th Annual World Health Care Congress (WHCC) is World Congress' flagship event in which over 1,800 health care, government and corporate leaders formulate solutions to the challenges of health care cost, quality and delivery.


Can Medical House Calls Reduce Health Costs?
"A service that sends caregivers to an employee's home or office delivers health-care savings to its corporate clients." (CFO.com)

The Debate Over Health Insurance Brokers' Fees
"The issue of how to weigh the cost of paying insurance brokers under the new federal health care law is up for debate again, even though state regulators made their final recommendations last year." (The New York Times; free registration required)

Some Health Plans Have Been Denied Waivers
"[79] employers and health care providers have been refused waivers from certain requirements of the federal health care overhaul." (The Wall Street Journal)

Health Care Reform Update, March 13, 2011
This week's update on health care reform legislation, regulations, and initiatives. (Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.)

How Commission Transparency Could Work for Health Insurance Agents
"[A]t least one major carrier has announced that premiums for groups of 51 employees or more will no longer include commissions. The agent can specify the commission level desired and it will be billed by the carrier, but it will be a line item visible to the client." (Employee Benefit Adviser; free registration required)

Benefits in General; Executive Compensation

New Survey for Plan Sponsors Benchmarks Non-Qualified Plans
"The results of the [first Profit Sharing/401k Council of America] survey will assist plan sponsors who participate by providing them with a complimentary report that will provide nonqualified plan benchmarking data." (David Wray's Blog)

San Francisco Has Large Health Care and Pension Liabilities
"San Francisco now owes $4.476 bil.lion in pensions to its employees but only has the money to pay roughly three-quarters of that cost. Every family in the city would have to pay $35,000 apiece to make up the difference." (San Francisco Chronicle)

Aspiring M.B.A. Candidates May Find Tuition Programs at Work
"A September 2010 survey of 1,084 U.S. companies from Business and Legal Reports . . . showed a large increase in the percentage of companies that had a tuition-funding program, to 85 percent, up from 52 percent in 2007." (The New York Times; free registration required)

Employee Ownership Update for March 15, 2011
NCEO Executive Director Corey Rosen discusses the following: The top five executives of the 1,500 largest corporations in the U.S. averaged $25 to $30 bil.lion per year in non-salary compensation between 2001 and 2007, according to a new report. The DOL held hearings on its proposed fiduciary regulations, which, among other things, would define ESOP appraisers as fiduciaries. The FED's 'Creating Wealth by Sharing Wealth' nationwide university essay contest winners have been announced. (National Center for Employee Ownership)

Press Releases

PBGC to Pay Pension Benefits at Erving Industries
(Pension Benefit Guaranty Corporation (PBGC))

The Platinum 401k Announces Multiple Employer Plan Prospecting Program For Advisors
(American Pension Services, Inc.)

American Pension Services Launches Advisor Prospecting Program
(American Pension Services, Inc.)

2011 Retirement Confidence Survey: Workers' Pessimism About Retirement Deepens, Reflecting 'the New Normal'
(Employee Benefit Research Institute (EBRI))

Less Than One-Third Think Secure Middle Class Retirement is Possible
(COUNTRY Financial)

Companies Saving Millions on Healthcare Benefits Traced to WellNet's Proprietary Software
(WellNet)

85 Percent of U.S. Businesses Now Offer Flexible Working
(Regus)

Capital BlueCross One of Four Companies Nationally Selected for Employer Worksite Best Practice Wellness Pilot Program
(Capital BlueCross)


Employee Benefits Jobs

Regional HR Manager with Benefits Expertise in FL for Aviation Services Company

Sr. Marketing Communications Manager-DCIO in MA for John Hancock

Marketing Position in TX for Loren D. Stark Company, Inc.

Operations Manager in CA for Keenan & Associates

Operation Associate in MA for Sentinel Benefits and Financial Group

Manager, Account Management- Small Market, IRC26544 in IN for Lincoln Financial Group

Actuarial Consultant in OH for Summit Retirement Plan Services

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Webcasts and Conferences

401(k) Rekon Advisor Symposium - Cleveland
in Ohio on April 14, 2011 presented by 401(k) Rekon


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