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Wellness Program Tax Credit Passed in Massachusetts

Wellness Program Tax Credit Passed in Massachusetts
August 3, 2012

DOL Modifies Position on Fee Disclosures of Investments Available Through Brokerage Windows

On July 30, 2012, the Department of Labor issued FAB 2012-02R as a revised version of FAB 2012-02 (issued May 7, 2012), which supplements the participant-level fee disclosure regulation and how it may be implemented. (See our prior post regarding FAB 2012-02.) Q&A 30 of FAB 2012-02 generated significant controversy as it appeared to introduce new … Continue reading DOL Modifies Position on Fee Disclosures of Investments Available Through Brokerage Windows
August 3, 2012

Retirement Plan Disclosure Requirements – Next Steps

Now that the July 1, 2012 deadline has passed for ERISA “covered service providers” to inform “responsible plan fiduciaries” about the services performed for their retirement plans and the investment management, recordkeeping, and other fees charged to those plans, it is time for employers and other plan fiduciaries to take action. First, plan fiduciaries must … Continue reading Retirement Plan Disclosure Requirements – Next Steps
July 3, 2012

IRS Clarifies Rules on Section 83

On May 29th, the IRS issued proposed regulations relating to property transferred in connection with the performance of services under Section 83 of the Internal Revenue Code. http://www.ofr.gov/OFRUpload/OFRData/2012-12855_PI.pdf . Most employers are familiar with these rules in the context of the taxation of restricted stock grants and option grants. Under Section 83, property transferred as com … Continue reading IRS Clarifies Rules on Section 83
June 4, 2012

IRS Provides Guidance Regarding New Limit on Health FSA Contributions

The Internal Revenue Service (IRS) has provided guidance regarding the new salary reduction contribution limits to health flexible spending arrangements (health FSAs) under Internal Revenue Code section 125 cafeteria plans in Notice 2012-40, issued May 30, 2012. Currently, there are no statutory limits on employee salary reduction contributions to health FSAs, but plan sponsors typically … Continue reading IRS Provides Guidance Regarding New Limit on Health FSA Contributions
June 1, 2012

DOMA in Jeopardy, Impact on Employer-Sponsored Group Health Plans

Employers should revisit self-funded group health design to exclude same-sex spouses following First Circuit decision declaring DOMA unconstitutional.
May 31, 2012

Additional Guidance on Fee Disclosures

On May 7, 2012, the DOL published Field Assistance Bulletin 2012-02 (the “FAB”) providing additional guidance and clarification for employers and other plan fiduciaries regarding the participant-level fee disclosure regulation (29 CFR 2550.404a-5) applicable to participant-directed individual account plans (e.g., 401(k) and 403(b) plans; see our earlier article regarding these regulations).  The FAB is also relevant to covered service … Continue reading Additional Guidance on Fee Disclosures
May 22, 2012

How Should Employers Handle Health Insurance Rebates?

  Some employers that sponsor insured group health plans will receive rebates this year from insurers due to the medical loss ratio limits imposed on insurers under the Patient Protection and Affordable Care Act of 2010 (as amended by the Health Care and Education Reconciliation Act of 2010, together “Health Care Reform”). Under applicable Health Care … Continue reading How Should Employers Handle Health Insurance Rebates?
May 16, 2012

Health Care Reform Update: DOL Provides Guidance on Summary of Benefits and Coverage Requirement

The US Department of Labor (“DOL”) has released frequently asked questions (“FAQs”) regarding implementation of the federal health care reform law’s summary of benefits and coverage requirement. (This set of FAQs is Part VIII in the general series about implementation of the law.) See our earlier blog post regarding the summary of benefits and coverage regulations that were … Continue reading Health Care Reform Update: DOL Provides Guidance on Summary of Benefits and Coverage Requirement
March 21, 2012

Funding Relief May be on the Way for Employers Sponsoring Defined Benefit Plans

Welcome relief may be in store for employers that are facing significant minimum funding obligations to their defined benefit retirement plans. The Senate, on March 14, 2012, passed with strong bipartisan support a surface transportation reauthorization bill called the “Moving Ahead for Progress in the 21st Century (MAP-21) Act” (S. 1813), which includes a pension funding … Continue reading Funding Relief May be on the Way for Employers Sponsoring Defined Benefit Plans
March 19, 2012

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