Search for: "Employee Welfare Benefit Plan"
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14 Aug 2020, 2:02 am
Just this year alone, with COVID, we had to immediately pivot from our 2020 strategic initiatives to focus on the health, safety, and welfare of our employees and our clients. [read post]
9 Aug 2020, 5:00 pm
States, Territories, and Possessions Stafford Act declarations permit hardship withdrawals from 401(k) and 403(b) plans for the duration of the emergency March 27 CARES Act – Retirement Plans – Authorizes time-limited relief for 401(k), 403(b), and governmental 457(b) plan participants directly affected by COVID-19 – Special distributions up to $100,000, with tax relief – Plan loans up to $100,000 or 100% of account balance… [read post]
6 Aug 2020, 2:00 am
Departments of Labor (DOL), the Employee Benefits Security Administration (EBSA), and the Internal Revenue Service (IRS) published a final regulation, and the EBSA issued a package of guidance and relief, for employee benefit plans (including group health plans, pension plans, and 401(k) plans) affected by the coronavirus (COVID-19) outbreak. [read post]
4 Aug 2020, 1:14 pm
Section 7.0.2 of the EMCPA requires that the orders are to “protect[] the health, safety and welfare of the people of Ontario in times of declared emergencies in a manner that is subject to the Canadian Charter of Rights and Freedoms”. [read post]
3 Aug 2020, 2:26 pm
Overall, though, the DOL’s position since the inception of ERISA, as administered through its Employee Benefits Security Administration (EBSA) division, formerly known until February 2003 as the Pension and Welfare Benefits Administration, is that employee pension benefit plans, including 401(k), defined benefit and stock bonus plans, are intended to provide financial benefits for employee… [read post]
21 Jul 2020, 8:00 am
We believe that we can provide an excellent financial benefit for your employees. [read post]
15 Jul 2020, 2:00 am
When you think about business, most people think about it in terms of jobs and all of the economic benefits. [read post]
12 Jul 2020, 5:00 pm
(Vesting of benefits under a section 457(b) plan does not count toward the annual dollar limit on remuneration.) [read post]
9 Jul 2020, 12:03 pm
Increasing line speeds benefits meatpacking corporations at the expense of both animals and people, undermining necessary animal welfare and workforce protections that should be followed particularly during the COVID-19 pandemic. [read post]
22 Jun 2020, 9:46 pm
District Court Judge for the Northern District of Illinois, dismissed (without prejudice) a class action lawsuit against AbbVie and AbbVie Biotechnology Ltd. by consumer groups, drug wholesalers, and unions (including the City of Baltimore, Miami Police Department insurance trust fund, and a Minnesota-based employee welfare benefits plan for workers in the pipe trade industries), alleging antitrust violations under Sections 1 and 2 of the Sherman Antitrust Act, as… [read post]
21 Jun 2020, 9:02 pm
” Her employer told her “this is not going to work out” when she revealed her plans. [read post]
19 Jun 2020, 2:10 pm
In addition, their benefits & compensation attorneys provide innovative and practical advice to clients regarding all matters pertaining to employee benefits and executive compensation, including equity compensation arrangements, deferred compensation plans, phantom equity programs, qualified pension and 401(k) plans and welfare plans. [read post]
9 Jun 2020, 5:00 pm
Accordingly, the additional electronic delivery safe harbor is not available for use by welfare benefit plans (for example, health, dental, and vision insurance plans). [read post]
9 Jun 2020, 3:53 pm
In today’s episode Jake Minick talks with Jonathan Dichter of DUI Heroes in Washington state. [read post]
9 Jun 2020, 2:00 am
When employees choose and use their health plans effectively, it saves both the individual and the company money, drives employee satisfaction with benefits, and increases loyalty and productivity. [read post]
4 Jun 2020, 1:20 pm
Additionally, the Safe Harbor does not apply to employee welfare benefit plans (e.g., group health plans, disability benefit plans, etc.), although the DOL has noted that they are studying the future application of the Safe Harbor to these arrangements. [read post]
2 Jun 2020, 8:00 am
Having such a benefit lets employees know that management takes their welfare seriously. [read post]
1 Jun 2020, 2:44 pm
The DOL did reserve a placeholder for possible future guidance for welfare plans and indicated in the preamble to the final rule that, in response to this new DOL safe harbor, it anticipates future Treasury guidance about electronic disclosure for retirement plans. [read post]
30 May 2020, 6:00 am
On May 4, 2020, in response to the Coronavirus Disease 2019 (COVID-19) pandemic, the Internal Revenue Service (IRS), Department of the Treasury, and the Employee Benefits Security Administration (EBSA), Department of Labor, issued rules extending deadlines for participants and beneficiaries of certain group health, disability, and welfare plans to make certain benefit elections, give certain notices, and make enrollment decisions. [read post]
28 May 2020, 4:51 pm
Notably, “direct assistance” does not include routine commercial deliveries, including truck loads mixed with a nominal amount of qualifying emergency relief added simply to obtain the benefits of the emergency declaration. [read post]
