Health & Welfare Plans Newsletter

June 4, 2019

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Jobs

Retirement Plan Administrator
Estate & Pension Advisory Board
in Cherry Hill NJ

Retirement Plan Administrator
Premier Plan Consultants
in San Diego CA

Retirement Plan Administrator
Prime Pensions, Inc.
in Florham Park NJ

Retirement Account Analyst
Alerus Financial
in Bedford NH

Team Leader Retirement Plan Administrator
Hills Pension Associates, Inc.
in Carver MA / Telecommute

Client Services Manager
Newport Group
in Fresno CA

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Webcasts, Conferences

Massachusetts Paid Family & Medical Leave
June 6, 2019 in MA
Wagner Law Group P.C.

Annual Conference & Exposition
June 23, 2019 in NV
SHRM [Society for Human Resource Management]

Health Benefits Laws Compliance Assistance Seminar
July 23, 2019 in MA
Employee Benefits Security Administration [EBSA], U.S. Department of Labor

Financial Health in the Workplace: Defining and Implementing the Right Financial Wellness Program
July 25, 2019 in TX
Worldwide Employee Benefits Network [WEB] - Dallas Chapter

Ascend Conference
September 9, 2019 in FL
Ascensus

OD Works! The Bermuda Triangle of Leave Laws: Just When You Thought it was Safe to go Back in the Water
September 17, 2019 in FL
Ogletree Deakins

►See 153 Upcoming Webcasts and Conferences

►See 1551 Recorded Webcasts


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[Guidance Overview]

DOL Issues FAQs in Support of 'Pathway 1' Association Health Plans

"Status as a bona fide association is a narrow exception to the general rule that treats associations as a collection of individual (generally, small) employers and not as a single (generally, large) employer. In a state that recognizes Pathway 1, there is no need to seek the DOL's opinion. Often, an association's claim to bona fide association status, backed up by an opinion of counsel, will suffice."
Mintz

PCORI Filing Due by July 31

"The payment due for a given July 31 covers the plan year ending in the preceding calendar year (e.g., the fee payable by July 31, 2019 is for plan years ending in 2018). The PCORI fee will apply only to policy and plan years ending on or before Oct. 1, 2019. For plan years ending after Oct. 1, 2019, the PCORI fee will no longer apply."
Lockton

Plan Sponsors Say Educating Employees About HSAs Is Top Concern

"A quarter of organizations encourage or offer additional education to employees who do not contribute to the HSA or only contribute a nominal amount. The average participant contribution in 2018 was $2,595 and the average account balance at the end of 2018 was $5,239. The vast majority of responding organizations (85.6%) offer investment options for HSA contributions, though three-quarters require a minimum balance of at least $1,000 to invest assets beyond money market funds or cash."
Plan Sponsor Council of America [PSCA]

New Family Leave Laws May Increase Stress on Co-Workers, Disrupt Business Operations

"For men in [paid family leave (PFL)] states, bonding was the reason for FMLA leave more than twice as often as for men in non-PFL states. Men's bonding leave durations in PFL states were about 44% longer than in [unpaid family leave] states.... More than half of employees who experienced a co-worker's extended absence reported that staff took on the absent employee's responsibilities.... Adaptations such as having staff spend more time at work or perform an absent worker's responsibilities were significantly associated with greater personal consequences."
Integrated Benefits Institute

California Gov. Newsom Proposes Penalty to Fund Health Insurance Subsidies

"Under a proposal by Gov. Gavin Newsom, an estimated 850,000 Californians could get help paying their premiums, including people like Haas and Snyder, who together make too much to qualify for federal financial aid but still have trouble affording coverage. To pay for the health insurance tax credits, the Democratic governor is proposing a tax penalty on Californians who don't have health insurance -- similar to the unpopular federal penalty the Republican-controlled Congress eliminated, effective this year."
Kaiser Health News

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New York and New Jersey Consider Health Insurance Reforms

"New Jersey lawmakers have introduced a slew of additional health insurance reform bills that would further defend the state-based health care plans and marketplace ... With these bills, New Jersey is working to create a comprehensive scheme of laws and regulations that will govern a state-based health care program. New York has also recently taken steps toward health insurance reform."
Pepper Hamilton LLP

Benefits in General

Deal-Breaking M&A Issues Related to Employee Benefit Plans and Executive Compensation

"The list [in this article] is intended to facilitate the detection, negotiation, and resolution of possible employee benefit plan and executive compensation-related problems.... [S]ellers may defuse risks and streamline negotiations through proactive pre-sale planning.... [B]uyers may maximize their deal-related protections (and their post-closing alternatives) by assuring early stage attention to [these items]."
The Wagner Law Group

What is the Effect of Prohibited Transactions on the EBP Audit Opinion?

"If a prohibited transaction with a party in interest is not properly reported, the auditor will modify the auditor's opinion on the ERISA-required supplemental schedule if the effect of the transaction is material to the plan's financial statements. Conversely, if the effect of the prohibited transaction is not material to the financial statements, the auditor will include an additional discussion describing the prohibited transaction in an "Other Matters" paragraph in the auditor's report on the ERISA-required supplemental schedules."
Belfint Lyons Shuman

Press Releases

RCM&D is Certified for Fiduciary Excellence
Centre for Fiduciary Excellence [CEFEX]

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BenefitsLink Health & Welfare Plans Newsletter, ISSN no. 1536-9595. Copyright 2019 BenefitsLink.com, Inc. All materials contained in this newsletter are protected by United States copyright law and may not be reproduced, distributed, transmitted, displayed, published or broadcast without the prior written permission of BenefitsLink.com, Inc., or in the case of third party materials, the owner of those materials. You may not alter or remove any trademark, copyright or other notices from copies of the content.

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