The latest reporting requirements related to the Affordable Care Act (ACA) seem to be a dizzying jumble of numbers and letters. Here’s the who, what, when, why and how of it: Why? Two new ACA reporting requirements are in effect for plan […]
Defined benefit pension plan administrators: You might need to change your annual funding notice. The Department of Labor published a final rule in the Federal Register on February 2, 2015 clarifying the requirements under ERISA 101(f) that administrators of defined benefit plans, […]
Two friends of mine, both men, have been in a loving and committed relationship for several years. But until they got in their car and drove across the border to Iowa last October to get married, they weren’t afforded the spousal rights […]
Are your employees asking you for documentation of their employer-sponsored health coverage in 2014? Under the Affordable Care Act (ACA) employers may voluntarily, but are not required to, provide this information for 2014. For the 2014 tax year, the IRS does not […]
Enhancing the Canada Pension Plan (CPP) is expected to be an issue in October’s federal election, but in the meantime Ontario is moving forward with an effort to create its own Ontario Retirement Pension Plan (ORPP). The Ontario Ministry of Finance released […]
As a new employee at the International Foundation of Employee Benefit Plans, one of the first things I noticed was a big, beautiful yard in front of my new building (blanketed with snow, of course, because we’re in Wisconsin). When I commented […]
It’s February 2 . . . Groundhog Day. Every year I celebrate by watching the 1993 classic film with Bill Murray, sharing the main character Phil’s frustration as he finds himself in a time loop, repeating the same day again and again. This […]
According to Workplace Wellness Trends: 2015 Survey Results, a new survey that will be released by the International Foundation in the coming weeks, more than half (55%) of all organizations have budgets devoted to wellness and more than 80% offer some type […]
Most people with health insurance pay little attention to the cost of a medical procedure they need or perhaps want—unless they’re going to have to pick up part of the tab. Then they may think twice about going ahead with it. Ideally […]
If the Affordable Care Act were a celebrity, it would be that really big star you either love or hate—or maybe love to hate. Since 2010, ACA has commanded the U.S. employee benefits spotlight. However, not even the most famous celebrity can hold […]
