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11 results found

Article

Hodgson Russ LLP | USA | 31 Oct 2011

Agencies issue summary of benefit coverage guidance

The Department of Labor (DOL), Department of the Treasury, and Department of Health and Human Services (HHS) jointly issued proposed regulations regarding the Summary of Benefit Coverage (SBC).

Article

Proskauer Rose LLP | USA | 10 Oct 2011

U.S. Department of Labor issues new guidance on electronic disclosures under participant fee disclosure regulations

The US Department of Labor (DOL) recently issued Technical Release No. 2011-3 (the Technical Release), which sets forth new guidance regarding the use of electronic media to comply with the fee disclosure requirements for participant-directed individual account plans.

Article

Ogletree Deakins | USA | 15 Sep 2011

It’s electric DOL issues guidance on electronic disclosure under participant fee disclosure regulations

Plan administrators can satisfy fiduciary requirements for disclosures concerning participant-directed individual account plans (the most common example being 401(k) plans) through the use of electronic media in certain circumstances, as described in a Technical Release issued by the U.S. Department of Labor (DOL) on September 13, 2011.

Article

Eversheds Sutherland (US) LLP | USA | 29 Dec 2010

IRS issues guidance delaying enforcement of nondiscrimination rules for insured health plans

On December 23, 2010, the IRS issued Notice 2011-1 regarding the application of the nondiscrimination rules under Internal Revenue Code (Code) section 105(h) to non-grandfathered insured group health plans pursuant to the Patient Protection and Affordable Care Act (PPACA).

Article

Smith, Gambrell & Russell, LLP | USA | 29 Dec 2010

Update on health care reform: agencies delay application of nondiscrimination rules to fully-insured plans

On December 22, 2010, the Internal Revenue Service ("IRS") issued IRS Notice 2011-1 (the "Notice") delaying the application of the nondiscrimination rules under Section 105(h) of the Internal Revenue Code (the "Code") to fully-insured group health plans.

Article

Reinhart Boerner Van Deuren SC | USA | 24 Sep 2010

Health care reform: external review process

In March, President Obama signed the Patient Protection and Affordable Health Care Act (PPACA) and the Health Care and Education Reconciliation Act of 2010 (HCERA), together referred to as the Act.

Article

Bricker & Eckler LLP | USA | 23 Aug 2010

Federal Register announcement

On August 26, 2010, the Departments of Treasury, Labor, and Health and Human Services published in the Federal Register an announcement of the availability of EBSA Technical Release No. 2010-01 providing an interim enforcement safe harbor for non-grandfathered self-insured group health plans not subject to a state external review process and, therefore, subject to the federal external review process.

Article

Jorden Burt LLP | USA | 4 Mar 2010

Congress, federal regulators seek to promote use of annuities in 401(k) plans

Recent market declines have spurred demand for products within 401(k) plans that can mitigate investment and longevity risks by offering a guaranteed income feature.

Article

Hunton Andrews Kurth LLP | USA | 12 Feb 2010

Proposed federal budget targets misclassification of contractors

President Obama’s proposed $3.8 trillion federal budget for 2011 includes $117 billion for the U.S. Department of Labor.

Article

Eversheds Sutherland (US) LLP | USA | 2 Feb 2010

DOL and Treasury request information on lifetime income options for retirement plan participants

On February 2, 2010, the Department of Labor (DOL) and the Treasury Department jointly published a request for information (RFI) regarding lifetime income options in retirement plans and individual retirement accounts.

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