Blog
The information and content contained in this blog are for general informational purposes only, and does not, and is not intended to, constitute legal advice. As always, for specific questions concerning your health or 401(k) plans, please consult your own ERISA attorney or professional advisor.
Court Strikes Down Fixed Indemnity Coverage Notice Requirement
What You Need to Know The new notice requirement for fixed indemnity coverage was struck down by the U.S. District Court for the Eastern District of Texas. This ruling applied to all employer-sponsored fixed indemnity plans within the United States.
DOL Retirement Savings Lost and Found Database Begins Voluntary Data Collection Process
On November 18, 2024, the U.S. Department of Labor (DOL), through its Employee Benefits Security Administration (EBSA), announced that it will immediately begin collecting information from retirement plan (including 401(k) plan) administrators in order to help establish and maintain a
Why Benefits Compliance Matters to Your Business Reputation
Employee benefits compliance is more than just a legal responsibility—it’s a critical element of a company’s reputation and brand identity. As businesses face increasing scrutiny from both employees and regulatory agencies, demonstrating a commitment to compliant benefits programs has become
IRS Releases Guidance on Overpayments from 401(k) Plans
On October 15, 2024, the IRS released Notice 2024-77, addressing new rules regarding corrections of overpayments from retirement plans (including 401(k) plans) under the SECURE 2.0 Act (SECURE 2.0). The Notice helps to clarify those circumstances in which plan sponsors