With the Affordable Care Acts employer shared responsibility reporting requirements for 2015 quickly approaching, benefit advisers should already be working with employer clients to implement benefit administration systems to ensure compliance with the law, industry experts say.
Since the onset of the recession, there has been a surge in worker misclassification litigation and enforcement against employers that are trying to effectively manage their finances, but are incorrectly classifying their workforces.
This has been a busy year in the courts, with litigation challenging a variety of issues in the employee benefits arena. Here are the eight major takeaways from 2014 litigation and impending cases with key lessons for fiduciaries, employers and benefit advisers and brokers from Davis Wright Tremaine LLP, a full-service international law firm.
The Sixth Circuits ruling in Moyer makes clear that administrators of ERISA-governed plans with contractual time limits on when a participant must initiate judicial review of a denial of benefits should err on the side of caution.
Commentary: Open enrollment time means employer clients will be reviewing fee disclosures. Columnist John Ludwig discusses several steps plan sponsors should take when reviewing the disclosures for accuracy and to determine if fees are fair and reasonable.
Happy birthday ERISA! The Employee Retirement Income Security Act of 1974 turns 40 on September 2. Heres a look at 11 important milestones, modifications and case law in the legislations 40-year history.
Earlier this week, Illinois Gov. Pat Quinn signed a new law that is intended to prevent workplace discrimination against pregnant women by offering guidance on reasonable accommodation measures that all employers in the state are expected to follow.
The case, EEOC v. Orion Energy Systems, serves as a reminder for advisers and their employer clients, when putting together a wellness plan, to pay careful attention to how the EEOC defines liability.
Although your employer clients may consider granting employee requests for exceptions to health plan rules or limits, doing so could cause trouble down the road. Advising them to consider a plan amendment may be a better choice.
Enrollment on the SHOP exchanges remains stagnant, a concern benefit advisers attribute to inadequate marketing practices. Brokers also remain concerned about the poor quality of training for those assisting employers with enrollment.
The Internal Revenue Service has issued a new one-page publication with information about exemptions to the health coverage requirements of the Affordable Care Act.
The IRS has issued guidance on how the IRS and the Treasury Department will administer the definition of a covered entity for purposes of the health insurance fee under the Affordable Care Act.
The IRS has issued its first adjustment to the ACA definition of affordability for the 2015 plan year. Building a solid ACA compliance plan with your employer clients means understanding the act clearly provides for such changes.
Employers are increasingly adopting best practices to ensure compliant retirement plan administration and one of those practices is using an adviser.
The IRS new draft forms for employer reporting on health care coverage unveils a glimpse of the administrative onus in store for benefit advisers and their employer clients working to comply with the Affordable Care Act.