Compliance Archives - Page 2 of 9

Fiduciary Basics for Governmental Plans

Amanda Wilke, CEBS

20 Aug 202420 Aug 2024

Plan sponsors have a responsibility to protect the interests of employee and retiree participants in their benefit plans. Government plan sponsors for 457 and 401(a) defined contribution (DC) retirement plans should be aware of fiduciary basics and the latest trends to protect […]

Compliance Employee Benefits ERISA ERISA50 Legislative U.S.

ERISA Preemption 101

Jenny Gartman, CEBS

31 Jul 202401 Aug 2024

Hailed by its authors as the law’s “crowning glory” or “crowning jewel,” the preemption clause in the Employee Retirement Income Security Act of 1974 (ERISA) was designed to help simplify employee benefits administration for multistate employers. But what does ERISA preemption mean? […]

Canada Compliance Employee Benefits Health Care Legislative Regulatory

Cross-Country Benefits Update

Eli Argueta

24 Jul 202424 Jul 2024

The 2024 Canadian Legal and Legislative Update kicked off with a comprehensive cross-country benefits update delivered by Kiersten Amos, counsel at McInnes Cooper, and Michael Wolpert, partner at Fasken Martineau DuMoulin. These updates covered a range of legislation affecting benefit plans across […]

Canada Compliance Employee Benefits Legislative Regulatory

Cross-Country Pensions Update

Eli Argueta

15 Jul 202415 Jul 2024

Here is a quick overview of legislative and regulatory updates including Income Tax Act, Office of the Superintendent of Financial Institutions (OSFI) and province-specific updates presented at the 2024 Canadian Legal and Legislative Update in Halifax, Nova Scotia. Income Tax Act (ITA) […]

401(k) Plans Compliance DOL Employee Benefits ERISA Retirement SECURE 2.0 U.S.

Three DOL Developments for Retirement Plan Sponsors

Jenny Gartman, CEBS

09 Jul 202409 Jul 2024

So far in 2024, the Department of Labor (DOL) has released proposals for plan administrators to populate a missing participant database and automatic portability of retirement plan accruals when employees change jobs. The DOL also finalized a retirement security rule package and […]

401(k) Plans Compliance DOL Employee Benefits ERISA ERISA50 Legislative Pensions Retirement U.S.

The DOL Retirement Security Final Rule: Highlights for Plan Sponsors

Jenny Gartman, CEBS

20 Jun 202420 Jun 2024

On April 25, 2024, the Department of Labor (DOL) published the retirement security final rule defining fiduciary status for investment advice to retirement investors under the Employee Retirement Income Security Act (ERISA) and the Internal Revenue Code (IRC). It is set to […]

Compliance DOL Legislative U.S.

What to Know Before the Overtime Final Rule Takes Effect July 1

Amanda Wilke, CEBS

11 Jun 202411 Jun 2024

After much anticipation, on April 23, 2024, the U.S. Department of Labor (DOL) released its overtime final rule, updating the salary threshold for overtime exemptions for executive, administrative and professional (EAP) employees and highly compensated employees (HCEs). The rule is slated to […]

AI Compliance Cybersecurity Employee Benefits Webcast

Generative AI and Security Implications in the Workplace

Anne Newhouse, CEBS

09 May 202409 May 2024

Although artificial intelligence (AI) technology has been used for years to create algorithms, identify patterns and automate processes, certain AI-powered tools are newer and still evolving. One such tool is generative AI. Along with other AI tools, generative AI is gaining use […]

Compliance DOL Employee Assistance Program (EAP) Employee Benefits Health Care Mental Health Opioid Abuse U.S.

Mental Health Parity—Pitfalls to Avoid

Jenny Gartman, CEBS

04 Apr 202408 May 2024

Recent DOL reports on Mental Health Parity and Addiction Equity Act enforcement indicate pitfalls that plan sponsors should avoid in order to be compliant with parity rules. Learn more about impermissible exclusions of key treatments for MH/SUD and parity enforcement.

Benefits Magazine Compliance Cybersecurity DOL Employee Benefits Fraud Human Resources (HR) Multiemployer

Dispelling Cybersecurity Myths for Benefit Plans

Guest Contributor

11 Jan 202413 Feb 2024

As the rate of digital transformation continues to accelerate across all industries, poor cybersecurity remains a pressing threat to employers and benefit plan sponsors. Awareness of nine common cybersecurity myths can help employee benefit plan stakeholders better understand their plan’s risk posture […]