Legislative & Regulatory Updates

Employer Considerations:  ACA Individual Shared Responsibility Provisions and the 2014 Tax Return Season

Written By Jason Rothman

Learn what documentation is needed to support compliance with the ACA individual shared responsibility provision and proactive steps as it relates to employees' 2014 tax returns.   

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Supreme Court Rules on Duration of Retiree Medical Benefits

Written By Blaine Brickhouse, FSA

On January 26, 2015, the Supreme Court ruled that when determining whether a collectively bargained retiree medical plan has lifetime vested benefits, the ordinary principles of contract law should apply. This is good news for some plan sponsors.

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DB Plans: DOL Releases Guidance on Annual Funding Notices

Written By David Davala

This January 14, 2015 Field Assistance Bulletin provides guidance for compliance with ERISA annual funding notice requirements for plan administrators of single-employer defined benefit plans. This is good news for some plan sponsors.

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New Pension Legislation Adopted as Part of the Government Spending Legislation

Written By Blaine Brickhouse

On December 16, President Obama signed into law new pension legislation affecting both multiemployer and single employer pension plans. The legislation was a part of the government spending legislation which will fund most of the federal government through September 2015.

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Stricter Pension De-risking Guidelines on the Horizon?

Written By Jill Leitner

Members of the Senate committee ask for stricter pension de-risking guidelines for employee communication on the risk of cash-out payments, selecting annuity providers, and additional PBGC reporting requirements.

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A Simple Guide to the ACA Transitional Reinsurance Program

Learn what it is, who makes contributions, how the fee is calculated, the payment process, and what you need to do now.  Links to an FAQ, submission form manual and submission form are also included.

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2015 Employee Benefit Plan Limits

This handy reference includes 2015 limits for employee benefit plans, Social Security benefits, Medicare prescription drug benefits, and Health Savings Accounts (HSAs). As a point of comparison, 2014 plan limits are also included.

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IRS Publishes Draft Forms for Employer Reporting of Health Coverage

On July 24, 2014, the IRS published draft forms that, once finalized, will be used by employers to fulfill certain ACA reporting requirements in connection with group health plan coverage offered to employees and their dependents.

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Pension Funding Relief Extended - Act Quickly

Written By Colleen Lowmiller

On August 8, 2014, the President signed the Highway and Transportation Funding Act of 2014. Plan sponsors of calendar pension plans can choose to reduce pension contribution requirements and show improved funded levels for 2013 if they act quickly by the September 15, 2014 contribution deadline.

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Two Federal Court of Appeals' Decisions Inject Further Uncertainty into the ACA

On July 22, 2014, two federal Courts of Appeals issued conflicting decisions on an important issue under the Patient Protection and Affordable Care Act ("ACA"): whether an individual who purchases health coverage on a federally-facilitated Marketplace (aka an Exchange) could qualify for premium tax credits.

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Proxy Voting - SEC Staff Legal Bulletin No. 20

Just released, the SEC has provided guidance for investment advisers and proxy advisory firms regarding their responsibilities in voting shares and/or advising clients.

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