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| Awards |
| 2017 Plan Sponsor of the Year Finalists |
| PLANSPONSOR is pleased to announce 2017 Plan Sponsor of the Year finalists in nine categories.
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| Administration |
| Report Offers Framework for Plan Sponsors to Address Cybersecurity |
| A 2016 ERISA Advisory Council report includes an appendix titled “Employee Benefit Plans: Considerations for Navigating Cybersecurity Risks.”
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| Administration |
| ERISA Advisory Council Backs Auto-Portability Initiatives |
| The Council recommended that the DOL issue an RFI to explore how it can encourage and support the adoption of a system to facilitate acceptance and expedite processing of eligible rollovers into retirement plans covered by ERISA.
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| Compliance |
| Court Refuses to Decide Statutory Issues in EEOC Wellness Program Case |
| An appellate court said neither party in the case has a serious stake in its outcome anymore, so the statutory issues should be decided by a court in a case where the answers matter to the parties. Russell Chapman, special counsel in the Employee Benefits practice at labor and employment law firm Littler Mendelson, weighs in on what the ruling means for employers.
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| Ask the Experts: (b)lines |
| Form 5500 Filings With Change in Plan Year |
| “We used to operate our Employee Retirement Income Security Act (ERISA) 403(b) plan on a fiscal year basis, so we would file our 5500s for a 7/1-6/30 plan year (which is our fiscal year). However, on the advice of counsel, we are converting the plan year to a calendar year, effective 1/1/2017. Thus, I realize our 5500 filing for 2017 will be for the 1/1-12/31/2017 time period, and that will not be due until 7/31/2018, unless extended. However what about the 2016 filing?”
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