Appellate Court Says Mercy Health’s Pension Plan Is a Church Plan
However, the case was sent back to a federal district court to determine whether ERISA’s church-plan exemption violates the Establishment Clause.
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Mercer Offers Cost Projection Framework for Employers With Self-Funded Health Benefits
Only 5% of employers with self-funded health insurance already have a financial impact assumption, while 21% say they have begun modelling it, according to Mercer.
Communicating with Employees During COVID-19
Sources suggest topics to address with retirement plan participants and methods to do so in this environment of limited face-to-face contact.
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Principal the Latest Provider to Waive Retirement Plan Transaction Fees
It is also waiving plan sponsors’ fees for certain retirement plan amendments and halting rate increases for group benefits.
Benefits |
Suggestions for Making Holders of HSAs Into Investors
A study suggests HSA holders invest as they become more educated or as their account balances grow.
ERISA Lawsuit Activity Continues Despite Court Lockdowns
Plan sponsors should continue to pay attention to litigation and consider what litigation may arise.
Retirement Industry People Moves
MMA acquires Illinois brokerage firm and Janus Henderson announces leadership changes to research team.
Furloughs Vs. Layoffs: Which May Trigger a Partial Plan Termination?
‘Companies tend to use the terms interchangeably, which is why it can be confusing,’ says Lorie Maring, a partner at Fisher Phillips.
Plan Sponsors Should Be Extra Vigilant During Severe Market Volatility
For both DB and DC plan sponsors, fiduciary actions follow a different time frame when there is a sustained market crisis.
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Empower Waives Fees for Retirement Plan Loans and Hardship Withdrawals
The change is for all tax-qualified workplace retirement plans administered by Empower that permit such distributions and includes new provisions allowed for under the CARES Act.
Benefits |
Employers Can Offer More Student Loan Repayment Help to Employees
The CARES Act allows employers to contribute toward employees’ student loan debt tax-free to employees, and employees need guidance on what they can and should do about deferring...
Administrative Considerations for CARES Act Transactions
Plan sponsors need to understand the details and ask themselves certain questions to make sure they are complying with the new law.
Teva Pharma Must Face ERISA Fiduciary Breach Discovery, Trial
The plaintiffs have successfully amended their complaint and “plead charts, comparative studies and specific facts” necessary to proceed into discovery.
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Voya to Credit Transaction Fees Related to CARES Act
In addition, the retirement plan provider is offering free access to financial resources to Americans.
Benefits |
Employer Health Benefit Costs May Jump This Year and Next
Actions to mitigate increasing health benefit costs for this year or next will need to be as unique as the time in which we are living.
Important Considerations Before Waiving RMDs
Taking required minimum distributions (RMDs) is about shifting to a taxable account, not necessarily about liquidating investments.
The Math Behind Plan Fee Evaluations
Determining whether fees are reasonable for participants requires an additional layer of calculation, and some fee elements and allocations make it more complicated than it should be.
Supreme Court Denies Review of UPenn ERISA Lawsuit
A last ditch effort to point out that another circuit found no evidence of fiduciary misconduct in a similar case apparently did not persuade the high court it...
DB Plan Relief Included in the CARES Act
The bill provides a delay for minimum annual required contributions and relief for plans that may have benefit restrictions triggered due to a drop in funding levels.
Trial Ordered for Anheuser-Busch ERISA Lawsuit
The complaint echoes other cases challenging actuarial assumptions used in calculating DB plan benefits.