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Final rules that will govern the state-based insurance exchanges created by health reform include more detailed privacy and security requirements for the exchanges themselves and participating insurers. These restrictions also will apply indirectly to agents, brokers and others involved in this process. In the rules, published March 27 (77 Fed. Reg. 18310), the U.S. Department […]
Getting good results from an employee wellness program requires a continuing organizational commitment and understanding of what motivates individual employees, wellness expert Brad Cooper told a recent Thompson Interactive webinar. He warned of some common wellness program pitfalls. One is a “check-the box” approach — such as setting up a biometric screening and distributing a […]
Federal offices have to follow federal travel guidelines, and federal rates form the basis of tax treatment of private sector business travel reimbursements as well. But what happens when the federal government agency that develops travel policy goes astray from its own guidelines? The report by GSA Inspector General (IG) Brian D. Miller said that […]
Fortney is a co-founder of law firm Fortney & Scott, LLC in Washington, DC, and is editor of the Federal Employment Law Insider. He made his remarks about FWAs at SHRM’s Employment Law and Legislative Conference, held recently in the nation’s capitol. Well-Meaning, But Dangerous As an example of the problems with FWAs, says Fortney, […]
Fortney is a co-founder of law firm Fortney & Scott, LLC in Washington, DC, and is editor of the Federal Employment Law Insider. He made his remarks about FWAs at SHRM’s Employment Law and Legislative Conference, held recently in the nation’s capitol. What Are Flexible Workplace Arrangements? First, says Fortney, here are the typical alternatives […]
Preparing Staff to Handle Questions/Concerns Preparing staff to handle participant questions and concerns is of paramount importance because ineffective answers can lead to mistrust, morale issues, and compliance scrutiny. It may even lead to legal challenges under ERISA. To avoid these problems, prepare supervisors and staff. Invite your investment advisor or a representative of the […]
The changes, which take effect July 1, 2012, are big. As a plan sponsor, you will receive new information about fees paid by the plan. You will also need to give participants some new information. For guidance, we turned to a recent BLR publication, the 401(k) Fee Disclosure Compliance Download Report. Your Role As Fiduciary […]
Employee incentives can bring about improved wellness outcomes — if the goals are adequately tailored to the organization and the individual. Depending on the company culture, you could take the “little league” approach of “everybody wins,” or decide to “raise the bar,” said Brendan Kerrigan, senior vice president of PayFlex. But setting the bar too […]
Employers and plan administrators can have a better understanding of what a fiduciary is, courtesy of Phyllis C. Borzi, Department of Labor (DOL) assistant secretary for the Employee Benefits Security Administration (EBSA). She shed some light on the department’s thought process on this matter at the March 13 ERISA Advisory Council meeting. The DOL’s efforts […]
Government efforts to bring 403(b) retirement plans up to regulatory par with 401(k) plans has resulted in a rough transition for 403(b) plan sponsors, and in recognition of that fact, an ERISA advisory council gave the U.S. Department of Labor (DOL) five recommendations to help ease the compliance burden. Background Over the years, many 403(b) […]