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2 Matching News Items |
| 1. |
Word & Brown
Aug. 20, 2025
"When rebates are required in the group markets, they are usually modest -- often $10 to $30 per employee. Issuing checks for these amounts can create unnecessary administrative work and may also result in taxable income for employees, particularly when a Section 125 Premium Only Plan (POP) is in place. To minimize the burden, many employers: [1] Apply the rebate toward future premium payments. [2] Use the funds to enhance benefits rather than issuing checks."
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| 2. |
Frost Brown Todd LLC
Feb. 11, 2021
"Each of these pieces of guidance, when taken collectively, demonstrate an effort on the part of the DOL to target current plan procedures that ultimately lead to future issues with Missing Participants. In other words, current actions that plan fiduciaries take to minimize Missing Participant issues in the future are as important as the actions they take to find Missing Participants once the issue arises."
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