Tag: benefits

HR Mythbuster Takes on 4 More

Beachboard made his remarks at SHRM’s Annual Conference and Exhibition, held recently in Chicago. He is a shareholder in the Los Angeles and Torrance, California, offices of law firm Ogletree Deakins. [Go here for urban legends 1 to 9.] Urban Legend #10 They are the staffing firm’s employee, so we don’t have to worry about […]

DOL: Revenue Sharing Will Not Be Considered a Plan Asset

Retirement plans’ sponsors and other fiduciaries associated with them got some reassuring news in early July when the U.S. Department of Labor stated in an advisory opinion that certain “revenue-sharing” fee payments by plan sponsors to their recordkeepers and other third-party administrators do not constitute plan assets for ERISA purposes. This means that service providers […]

Employee Benefits in Canada Versus United States

"In Canada, the government provides minimum protection to Canadians that find themselves in certain circumstances, such as when they're ill, unemployed, on maternity leave or parental leave, or even retired. However . . . government plans are often insufficient and therefore they will be supplemented by private plans that are offered by employers." Emilie Paquin-Holmested […]

FMLA Absences Up, Some Industries Hit Harder Than Others

While leave under the Family and Medical Leave Act can be troublesome for any employer, it is particularly disruptive for manufacturers, call centers and health care organizations whose operations depend on fixed schedules, according to a recent ComPsych Corporation white paper. FMLA absences are on the rise, says FMLA Source, a ComPsych company, and some […]

Stop-loss Insurers Maneuvered out of Navigator Role in Final Reform Rules

Stop-loss insurers for self-funded health plans are among the entities excluded from assisting consumers and small businesses in researching health insurance exchange options under health care reform. Those insurers, as well as individuals and other entities with too close a financial relationship to such insurers, cannot be “Navigators,” according to final rules issued July 17 from the […]

DOMA Decision Creates Retirement Plan Challenges

The U.S. Supreme Court issued two highly anticipated rulings related to same-sex marriage on June 26 that essentially placed matters of marriage back with the states.  This has a direct impact on retirement plans. First, the Court held that Section 3 of the federal Defense of Marriage Act is unconstitutional based on the equal protection […]

IRS Formalizes One-year Delay in Reform’s Reporting and Penalty Rules for Employers

An official announcement on transition relief for employers from information reporting requirements under health care reform, as well as on the delay of key provisions of the employer play-or-pay mandate, was issued July 9 in Notice 2013-45 from the U.S. Department of the Treasury and IRS. In unofficial announcements last week on the White House and U.S. […]

Good Boundaries to Make for Good PTO Policies

Yesterday’s Advisor featured tricky PTO policy questions from Attorney Katherine Marques. Today, we present her key success factors for PTO, plus we introduce the best way to find compliance violations—before the feds do. Marques, an associate in the New York office of Holland & Knight LLP, offered her PTO tips at a recent webinar sponsored […]

Employer Mandate Delayed: Obama Gives in to Employer Concerns over Reform

In a startling move, the Obama administration delayed the employer mandate (for companies with 50 or more workers) to offer health insurance to workers or pay a penalty, until January 2015 (a one-year delay) while it reassesses employer reporting burdens and gives employers more time to arrange compliance with the health care reform statute and […]

California Employers Need to Adjust Plans to Accommodate Same-sex Spouses

Employers in California need to adjust their benefit plans, plan documents, and corporate and human resources policies to accommodate employees’ same-sex spouses. The 9th U.S. Circuit Court of Appeals on June 28 lifted its stay on an injunction against enforcing Proposition 8, which had amended the California state constitution to define marriage as occurring between […]