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Category: ERISA
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Federal Employment Law Update-September 2017 | PA Benefit Advisors
Revised EEO-1 “Component 2”Stayed Effective Immediately On August 29, 2017, the Office of Management and Budget (OMB) notified the Equal Employment Opportunity Commission (EEOC) that it is initiating a review and immediate stay of the new EEO-1 pay reporting requirements (Component 2) that were scheduled to take effect with the next filing cycle in March…
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DOL Guidance for Benefit Plans Impacted by Hurricane Harvey | PA Benefit Advisors
The U.S. Department of Labor has issued compliance guidance for benefit plans, employers and employees, and service providers who are impacted by Hurricane Harvey. The guidance generally provides relief from various ERISA requirements and time limits for entities in the disaster area. This follows the Internal Revenue Service (IRS) announcement extending certain filing dates, including…
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Health Plan PCORI Fees Are Due July 31 | PA Benefit Advisors
Do you offer coverage to your employees through a self-insured group health plan? Do you sponsor a Health Reimbursement Arrangement (HRA)? If so, do you know whether your plan or HRA is subject to the annual Patient-Centered Research Outcomes Institute (PCORI) fee? This article answers frequently-asked questions about the PCORI fee, which plans are affected,…
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DOL Increases Penalty Amounts to Adjust for Inflation | Pennsylvania Employee Benefits
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For the second time in less than a year the Department of Labor (DOL) has increased the civil monetary penalties assessed or enforced by the DOL. The increases were announced in a final rule issued by the DOL on January 18, 2017. The increases were made pursuant to the Federal Civil Penalties Inflation Adjustment Act…
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COBRA and the Affordable Care Act | Pennsylvania Employee Benefits
By Danielle Capilla Chief Compliance Officer at United Benefit Advisors The Consolidated Omnibus Budget Reconciliation Act (COBRA) requires employers to offer covered employees who lose their health benefits due to a qualifying event to continue group health benefits for a limited time at the employee’s own cost. COBRA provisions are found in the Employee Retirement…
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Negotiating over COBRA Coverage – Use EXTREME CAUTION! | PA Benefits Broker
By Elizabeth Kay, Compliance & Retention Analyst AEIS Advisors A UBA Partner Firm Have you ever overheard the new employee in the break room, bragging about how good their health insurance was with their previous employer, and how much less expensive it was than the coverage they are currently being offered? You may think ”If…
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Reporting and Plan Documents Under ERISA and Cafeteria Plan Rules | PA Benefits Broker
By Danielle Capilla Chief Compliance Officer at United Benefit Advisors The Employee Retirement Income Security Act (ERISA) was signed in 1974. The U.S. Department of Labor (DOL) is the agency responsible for administering and enforcing this law. For many years, most of ERISA’s requirements applied to pension plans. However, in recent years that has changed,…
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