General Electric recently agreed to pay $61 million to settle claims that its underperforming retirement plan cost its employees millions of dollars. The settlement document was filed on Oct. 6 with a... Read more »
?Employees who want to switch from full-time to part-time status should be fully apprised of the implications for benefits and compensation—not to discourage them from switching but to ensure they’re making an informed... Read more »
?Employees who want to switch from full-time to part-time status should be fully apprised of the benefits and compensation implications—not to discourage them from switching but to ensure they’re making an informed... Read more »
?In late January, the Biden administration announced that the COVID-19 public health emergency (PHE) and national emergency will end May 11. The pronouncement marks the beginning of a significant phase in the... Read more »
?Editor’s Note: The U.S. Senate passed the Respect for Marriage Act on Nov. 29. Same-sex couples can continue enjoying company benefits just as opposite-sex couples do now that the Respect for Marriage... Read more »
As group health plan sponsors, employers are responsible for ensuring compliance by their vendors (insurers, third-party administrators and pharmacy benefit managers) with the prescription drug data collection (RxDC) reporting requirements. These were... Read more »
The U.S. Department of Labor’s (DOL’s) Employee Benefits Security Administration has proposed updates to its Voluntary Fiduciary Correction (VFC) Program, including adding a new self-correction component for employers that fail to send... Read more »
The U.S. Department of Labor (DOL) issued a final rule that permits retirement plan fiduciaries, such as 401(k) plan sponsors, to consider climate change and other environmental, social and governance (ESG) factors... Read more »
As we enter the fourth quarter of 2022, sponsors and administrators of employee benefit plans have a lot to juggle. From open enrollment and required notices to plan document deadlines, it is... Read more »
As we enter the fourth quarter of 2022, sponsors and administrators of employee benefit plans have a lot to juggle. From open enrollment and required notices to plan document deadlines, it is... Read more »