PLANSPONSOR Weekend Newsdash
Week ending May 10th, 2019

Happy Friday, PLANSPONSOR readers! Those of you left in limbo after a court struck down the Department of Labor (DOL) association health plan (AHP) regulations received some clarity on what to do for now, and Senators have introduced legislation to ensure AHPs can still be available to small businesses. A study finds physical wellness programs may not deliver employer health cost savings in the short term. But, another finds employers are putting a big part of their health care budgets into physical wellness program incentives, which may increase participation in these programs. WEX Health has launched HSA Awareness day in attempt to increase education about health savings accounts. And, Managing Editor of PLANSPONSOR magazine Judy Faust Hartnett, who is attending an Alegeus conference in Palm Springs, California, got a sneak-peak at a new HSA product Alegeus says will disrupt the health care marketplace. Enjoy this edition of PLANSPONSOR Weekend!

Editor's choice
Compliance
DOL Says Members of AHPs Can Keep Coverage for Now
After a federal district court overturned final regulations on association health plans (AHPs) from the Department of Labor (DOL), the agency says “employers participating in insured AHPs can generally maintain that coverage through the end of the plan year or, if later, the contract term.” Read more >
Compliance
Senators Introduce Legislation to Further AHPs
A group of senators, led by Senator Mike Enzi, R-Wyoming, have introduced legislation that would ensure the new pathway remains available for small businesses to offer AHPs under the DOL’s final rule. Read more >
Data and Research
Wellness Programs May Not Deliver Cost Savings in the Short Term
A trial among a large group of employees found a couple of positive self-reported outcomes by participants after 18 months of using a wellness program, but measures of health improvements and employer cost savings were not significant. Read more >
Benefits
Financial Incentives a Big Part of Employers’ Well-Being Program Budgets
Companies across the country are expected to spend an average of $3.6 million on physical well-being programs in 2019, according to a survey from Fidelity Investments and the National Business Group on Health. Read more >
Benefits
HSA Awareness Day Founded to Help Educate Account Holders
WEX Health President Jeff Young says he hopes “to see employers, providers, brokers and advisers dedicate October 15 to encouraging consumers or employees to ask as many questions as possible [about HSAs] ahead of open enrollment.” Read more >
Products
Alegeus Introduces Product It Says Will Disrupt the Health Care Market
An Alegeus mobile-first Smart HSA app is on course to deliver an intuitive, personalized, and self-guided account experience for health savings account (HSA) participants. Read more >
MOST POPULAR STORIES
J.P. Morgan Agrees to Settle Stable Value Funds Suit

The firm has agreed to pay $75 million to settle litigation brought by multiple retirement plan participants alleging J.P. Morgan invested its stable value funds in risky assets.

Individuals, Employers and Government All Play a Part in Retirement Readiness

A new research report and Catherine Collinson, with Transamerica Center for Retirement Studies, lay out steps all three can take to improve retirement confidence and readiness in America.

Participant Loans: A Fiduciary Storm Brewing?
Bruce Ashton, with Drinker Biddle & Reath, discusses the fiduciary risk defined contribution (DC) plan sponsors could face when participants default on plan loans.
What to Know About Financial Audits Filed with Form 5500s
Plan sponsors required to file a financial audit along with their Form 5500 should know how regulators use the information and how to pick the best auditor.
2019 PLANSPONSOR National Conference

Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

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