Regulatory

PBGC Special Financial Assistance “Lock-In” Application for Nonpriority Plans

Multiemployer pension plans that intend to apply for SFA from the PBGC should note the schedule for reviewing applications and may want to consider submitting a lock-in application.

Inflation Reduction Act: 6 Health Care Provisions Plan Sponsors Should Know About

The U.S. House of Representatives is expected to consider a bill today that will likely reduce the cost of drugs for some Medicare recipients through a new cap on out-of-pocket… Read more >

Unraveling Post-Dobbs Implications

The legal environment relating to abortion coverage has become quite complex following the U.S. Supreme Court decision in Dobbs v. Jackson Women’s Health Organization. Health plan sponsors should review their… Read more >

Post-Dobbs Employer Actions: New Survey Results

Over one in four employers is exploring the expansion of covered abortion services, according to a new report from the International Foundation of Employee Benefit Plans. The Post-Dobbs Employer Coverage:… Read more >

Everything Plan Sponsors Need to Know About SECURE Act 2.0

On March 29, 2022, the House of Representatives passed the Securing a Strong Retirement Act of 2022 (HR 2954), otherwise known as SECURE Act 2.0, by a vote of 414-5…. Read more >

How Do Multiemployer Plans Claim COBRA Premium Assistance Credit?

How Do Multiemployer Plans Claim COBRA Premium Assistance Credit?

​The Internal Revenue Service (IRS) has issued Notice 2021-31 which provides guidance for multiemployer plans and plan administrators regarding the new credit available to them for providing continuation health coverage… Read more >

Know Your Plan Custodian: What Does a Benefits Plan Custodian Do?

Know Your Plan Custodian: What Does a Benefits Plan Custodian Do?

As the safekeeper of plan assets, custodians are among the service providers that multiemployer benefit plan trustees have a fiduciary duty to monitor. Yet plan custodians are not discussed as… Read more >