Tags » ERISA

Plans Can't Have Scrivener Errors

Make a plan document
And check it twice
One things for sure
Scrivener Errors Aren’t Nice!

Employee Benefit Plans

Chicago Employment Attorney Timothy Coffey Outlines Legal Requirements for Employee Benefits

Chicago, IL (Law Firm Newswire) December 15, 2014 – Everyone with a job should have benefits of some kind. The law mandates that an employer must provide them. 25 more words

What Would Derek Do?

When it comes to this guidance, ask yourself, “What Would Derek Do?”   I think the answer is pretty obvious.  He would establish controls to better ensure that a plan’s participants could be located to receive the 401(k) balance that they most certainly deserve.

Sunscreen

What Is a Reasonable Interest Rate for Participant Loans?

Watch this Sunscreen Moment to learn what a participant loan must do in order to qualify as an acceptable transaction.

Sunscreen

Summary Chart of Disallowed Pay or Play Tactics

With the January 1, 2015 employer shared responsibility deadline fast approaching, the three government agencies charged with ACA compliance (IRS, DOL and HHS) have provided recent guidance on several strategies or tactics that have been marketed to applicable large employers as legitimate ways to reduce their coverage costs and exposure to shared responsibility penalty taxes (assessable payments).    144 more words

Health Care Reform

ERISA Compliance FAQs: What is an ERISA Plan?

The Employee Retirement Income Security Act of 1974 (ERISA) is a federal law that sets minimum standards for employee benefit plans maintained by private-sector employers. ERISA includes requirements for both retirement plans (for example, 401(k) plans) and welfare benefit plans (for example, group health plans). 97 more words

Legislative Brief

ERISA Compliance FAQs: Reporting and Disclosure Rules

The Employee Retirement Income Security Act of 1974 (ERISA) is a federal law that sets minimum standards for employee benefit plans maintained by private-sector employers. ERISA includes requirements for both retirement plans (for example, 401(k) plans) and welfare benefit plans (for example, group health plans). 94 more words

Legislative Brief