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Legislation designed to make it more difficult for smaller employers to self-insure by restricting their ability to obtain stop-loss insurance with very low attachment points was signed into law on Oct. 1 by California Gov. Jerry Brown. S.B. 161, which takes effect Jan. 1, 2014, will prohibit stop-loss insurers in California from issuing policies with specific […]
BOSTON, October 2, 2013 – Fidelity Investments®, a leading provider of workplace retirement plans in tax-exempt markets, today announced that Assets Under Administration (AUA) have doubled since the start of the financial crisis five years ago. Through the first half of 2013, Fidelity’s AUA has reached $204 billion, a 102 percent increase from 2008(i). Additionally, […]
Effland, a shareholder at the Indianapolis office of Ogletree Deakins PC, says that USERRA (Uniformed Services Employment and Reemployment Rights Act) offers two essential rights, the right to take leave, and the right to return. The basics of the law are: Coverage: Virtually all employers, regardless of the number of employees. Eligibility: Virtually all employees […]
House Republican efforts to postpone, block and repeal Obamacare were key reasons for the federal government-shutdown crisis, under which 800,000 federal employees stayed home beginning Oct. 1. The House Republicans, whose opposition to Obamacare paralyzed spending bills, demanded that the administration acquiesce on two demands: postpone the “individual mandate” that individuals have federally approved minimum […]
Nearly every defined contribution plan sponsor now offers target-date funds in its participant investment menu, as these funds, often named for the year a participant expects to retire, eliminate the need for employees to construct their own investment portfolio. A recently released white paper about TDFs examines plan fiduciaries’ uncertainly regarding what TDFs should contain […]
The federal agencies implementing health reform continue to delay aspects of roll-out, especially as they relate to state-based health insurance marketplaces (also called “exchanges”), which are supposed to be up and running on Oct. 1. The Obama White House announced on Sept. 27 that federally run health-insurance exchanges, required by health care reform, will not […]
With the DOMA ruling so recent in our minds, employers have more unanswered employee benefits questions than ever before. Is it now illegal to tax healthcare benefits for a same-sex spouse? How should multi-state employers react if the final ruling comes down that only same-sex couples who reside in a state that recognizes same-sex marriages […]
Please participate in our brief survey and see how what you are doing stacks up against what other successful companies are doing. We’ll get answers to these questions and more: Which days will be paid holidays in 2013? In 2014? How will you handle Thanksgiving, Christmas, and New Year’s holidays this year? Do you pay […]
Holidays are one of the baseline benefits. So who’s offering what out in the real world? What are your competitors up to? Help us find out! Please participate in our brief survey and see how what you are doing stacks up against what other successful companies are doing. We’ll get answers to these questions and […]
On Sept. 18, three federal agencies — Health and Human Services, Labor and Treasury — petitioned the U.S. Supreme Court to overturn 10th Circuit’s decision in Hobby Lobby v. Sebelius, No. 12-6294 (10th Cir., June 27, 2013), after that court ruled in favor of the owner’s right to project his RFRA rights not to comply […]