Multiemployer

Best Practices for Multiemployer Retirement Plan Death Audits

Jenny Gartman, CEBS
 

Fiduciaries have many responsibilities that stem from the duties of care, loyalty and prudence, including ensuring the correct benefits are paid to the correct participants and beneficiaries of the plan. Benefits Magazine authors Lisa L. Kaiser, CEBS, and Carey R. Wooton, CEBS, explain […]

Missing Participants: Help From SECURE 2.0 and the Latest Best Practices  

Guest Contributor
 

Benefits Magazine Extras articles provide you with bonus content on a mix of benefits topics as well as deep dives and analyses on the latest benefit trends and compliance issues. Foundation members can visit ifebp.org/benefitsmagazine to view the full bimonthly print edition of the […]

FAQs on Workplace Emergency Savings Accounts Under SECURE 2.0  

Jenny Gartman, CEBS
 

The U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) has issued FAQs on optional pension-linked emergency savings accounts (PLESAs) as part of the implementation of the SECURE 2.0 Act of 2022 (ERISA section 801). SECURE 2.0 authorized 401(k), 403(b) and governmental […]

New Survey Results—Top Trends in Apprenticeship Programs

Justin Held, CEBS
 

While already struggling to replace retiring tradespeople, apprenticeship programs are dealing with a host of new challenges related to external competition and internal challenges. Despite these hurdles, stakeholders say apprenticeship programs are successful overall, and they are anticipating a positive hiring outlook […]

Dispelling Cybersecurity Myths for Benefit Plans

Guest Contributor
 

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 […]

The State of Multiemployer Health Plans: Ten Takeaways

Justin Held, CEBS
 

The median cost of benefits for multiemployer health plans increased 4.7% from 2017 to 2018, reaching $11,642 per participant per year (PPPY), according to a new International Foundation report. The consistent increases in costs over the ten-year period required increases in employer […]

Proposed Interest Rate Assumptions for Determining Employer Withdrawal Liability (Part Two)

Jenny Gartman, CEBS
 

A new rule proposed by the Pension Benefit Guaranty Corporation (PBGC) would increase the certainty of withdrawal liability determinations for multiemployer benefit plans and likely help prevent withdrawal liability disputes from going to arbitration and litigation, PBGC officials say. The proposed permissible […]