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Senators reach compromise on high-skilled visas
May 22, 2013A top Republican reached an agreement yesterday with Democrats on changes to a high-skilled visa program for immigrants seeking work in the U.S. This marks one impediment out of the way for the immigration legislation.
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DOL issues templates for employers to alert employees about exchanges
May 17, 2013The U.S. Department of Labor’s Employee Benefits Security Administration has issued new guidance on the Affordable Care Act requirement that employers provide employees with a notice of their health insurance coverage options available through the future health insurance exchanges.
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New OSHA code employers should know
May 3, 2013A spike in reports of temporary workers suffering fatal injuries on the job has spurred a new initiative to protect them.
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Counting to 90: ACA and the waiting period
April 26, 2013The IRS has proposed rules for the 90 day period between employers offering coverage and deciding when employees will get coverage.
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Supreme Court forbids rewrite of ERISA
April 19, 2013Our nation’s highest court overturned a ruling recently that would have allowed the simple rewrite of terms of an ERISA-governed plan. The case is McCutchen v. U.S. Airways. Find out what it means for employers.
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A walk-through on full-time vs. part-time for PPACA
April 12, 2013Because there can be various ways of assessing what constitutes a full-time employee eligible for coverage under the PPACA, the IRS has issued guidance in the form of several notices, as well as temporary regulations.
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In broker bribery scandal, Ohio hospital goes down
April 5, 2013A lawsuit between two local hospital systems has come to an end after the Ohio Supreme Court upheld a previous ruling in favor of Mercy Medical Center, the system accusing Aultman Health Foundation of a corrupt insurance broker incentive program.
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New MLR bill hits Senate, House bill to come
March 22, 2013New legislation was issued last night in the Senate that would remove broker compensation from the MLR calculation.
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New employment eligibility verification form published
March 22, 2013Employers have until May to begin using the new Form I-9, or else face penalties from the U.S. Citizenship and Immigration Services, the arm of the federal government that enforces immigration policy.
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Broker bill is a ‘lovefest’ for the industry and consumers, says NAIC
March 20, 2013A Senate hearing yesterday discussed a bill that creates a non-profit, national organization that would simplify the licensing process for brokers conducting business outside of their state of residence.
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Everything you need to know about fidelity bonds
March 15, 2013Fidelity bond premiums can cost a considerable amount. Do you fully understand the kinds of losses covered by the bond or when it is appropriate to provide notice of a loss to a company’s insurer?
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Red alert for fiduciaries on plan financial reports
March 13, 2013Plan fiduciaries are more vulnerable than ever on a lot of legal and regulatory fronts, including the financial statements included with their 5500 filings. In an era when 5500 forms and their attachments quickly enter the public domain online via E-fast 2, available to anyone -- including an enlarged army of DOL inspectors hunting for anomalies, “fiduciaries need to be on the top of their game,” warns Dave Dacey, CPA, a partner with the WithumSmith+Brown and leader of the firm’s Employee Benefit & Pension Plans Group.
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Avoid litigation: Don't use hope as a strategy with workers
March 8, 2013Hope is the crutch of an ineffective manager, someone who invites otherwise avoidable litigation.
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DOL issues guidance on swap clearing process
March 1, 2013The Dodd-Frank Wall Street Reform and Consumer Protection Act requires that swap transactions go through a clearing process. On February 7, 2013, the DOL issued Advisory Opinion 2013-01A that provides clarification.
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Plan documentation: when to give it and when to not
February 22, 2013I frequently am asked by plan sponsors and plan administrators about how to respond to a request for plan documentation. Under Section 104(b)(4) of ERISA, a plan administrator is obligated to provide certain information when requested by a participant or beneficiary.
