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Health & Welfare Plans Newsletter

July 6, 2022

4 New Job Opportunities 4 New Job Opportunities

 

Effects of the ACA on Part-Time Employment: Early Evidence

"[The authors] examine ACA's effects on short-hours part-time employment ... [and] find that the ACA increased low-hours, involuntary part-time employment by 500,000-700,000 workers in retail, accommodations, and food services, the industries in which employers are most likely to reduce hours if they choose to circumvent the mandate."  MORE >>

Upjohn Institute

Group Health Plan Fee Disclosure Rules Can Help Fiduciaries Reduce Plan Costs

"Now that plan fiduciaries have easier access to the compensation paid to these service providers, they can judge whether the compensation is reasonable and potentially cut costs by switching service providers.... Fiduciaries could also explore eliminating indirect compensation to service providers to save costs."  MORE >>

Hall Benefits Law

The Aftermath of Dobbs v. Jackson Women's Health Organization for Health Plan Sponsors

"[S]ome employers have chosen to create travel benefits under an Employee Assistance Program (EAP), which allows employers to provide the benefits tax-favored but can avoid some of the federal law compliance requirements. However, COBRA still applies to EAPs and would apply to every employee who terminates employment.... Only certain travel and lodging expenses are considered 'medical care' by the IRS."  MORE >>

Calfee, Halter & Griswold LLP

To Integrate Virtual Care, Start by Redefining the 'Visit'

"To build the care delivery system of the future, which will focus on value and outcomes, we must first liberate the billing system and reimbursement models from the handcuffs of synchronous interactions in specific 'places of service.' "  MORE >>

Health Affairs

Benefits in General

[Official Guidance]

IRS Disaster Relief Notice MT-2022-01, for Montana Severe Storm and Flooding Victims

"Victims of a severe storm and flooding beginning June 10, 2022, now have until October 17, 2022, to file various individual and business tax returns and make tax payments.... Individuals and households affected by severe storms and flooding that reside or have a business in Carbon, Park and Stillwater counties qualify for tax relief."  MORE >>

Internal Revenue Service [IRS]

[Official Guidance]

IRS Disaster Relief Notice OK-2022-02, for Oklahoma Severe Storms, Tornadoes and Flooding Victims

"Victims of severe storms, tornadoes and flooding beginning May 2, 2022, now have until September 1, 2022, to file various individual and business tax returns and make tax payments ... Individuals and households affected by severe storms, tornadoes and flooding that reside or have a business in Adair, Cherokee, Muskogee, Okmulgee, Pottawatomie, Seminole, and Tulsa counties qualify for tax relief."  MORE >>

Internal Revenue Service [IRS]

Cybersecurity in the Benefit Plan Committee Room (PDF)

"This article discusses 10 questions that can equip leaders with insights that fuel a comprehensive response to regulatory pressure and threats in the cyber landscape. [It also provides] eight steps for upgrading a committee's management framework."  MORE >>

Roland Criss, via Journal of Compensation and Benefits

It's Form 5500 Season: Five Common Mistakes That Plan Sponsors Should Avoid

"[1] Failing to file a health and welfare plan Form 5500 when necessary.... [2] Failing to accurately report participant counts.... [3] Failing to answer fidelity bond coverage question.... [4] Marking a form 5500 as 'final' when the plan still has assets.... [5] Failing to comply with the retirement plan audit rules."  MORE >>

Dickinson Wright

ERISA Litigation Roundup: The End of Firestone?

"The Employee and Retiree Access to Justice Act [HR 7740; S 4219] would create a huge shift in how ERISA benefit claims are adjudicated. The Act would prohibit a court from giving any deference to a fiduciary's benefit determination, requiring de novo review of benefit claim lawsuits, and inevitably increasing the cost and length of litigation. Notably, the bill excludes multiemployer plans from these proposed changes."  MORE >>

Faegre Drinker

Employee Benefits Jobs

View job as Defined Benefit Plan Consultant
          for Planned Retirement Consultants & Administrators, LLC Defined Benefit Plan Consultant

Planned Retirement Consultants & Administrators, LLC

Remote / Ridgewood NJ

View job as Defined Benefit Plan Consultant
          for Planned Retirement Consultants & Administrators, LLC

View job as 401k & Defined Contribution Plan Consultant
          for Planned Retirement Consultant & Administrators, LLC 401k & Defined Contribution Plan Consultant

Planned Retirement Consultant & Administrators, LLC

Remote / Ridgewood NJ

View job as 401k & Defined Contribution Plan Consultant
          for Planned Retirement Consultant & Administrators, LLC

View job as Manager, Participant Service Center
          for Definiti LLC Manager, Participant Service Center

Definiti LLC

Remote

View job as Manager, Participant Service Center
          for Definiti LLC

View job as Retirement Recon & Distributions Specialist
          for Alerus Retirement Recon & Distributions Specialist

Alerus

Remote

View job as Retirement Recon & Distributions Specialist
          for Alerus

Press Releases

Principal® Launches New Variable Annuity Buffer Funds to Help Safeguard Investors From Market Volatility

Principal Financial Group

Carver Edison and Morgan Stanley at Work Launch API Integration to Boost Equity Ownership Among Stock Plan Participants

Carver Edison

Last Issue's Most Popular Items

Employer Challenges Post-Dobbs: Travel Benefits for Abortions

Nixon Peabody LLP

New Compensation Disclosure Rule Highlights Responsibilities of Group Health Plan Fiduciaries

Buck

Travel Benefits for Abortions: Employer-Provided Coverage after Dobbs

Buck

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BenefitsLink Retirement Plans Newsletter, ISSN no. 1536-9587.

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