Multiemployer

PBGC Implements Special Financial Assistance Program for Financially Troubled Multiemployer Pension Plans

PBGC Implements Special Financial Assistance Program for Financially Troubled Multiemployer Pension Plans

The Pension Benefit Guaranty Corporation (PBGC) has released an interim final rule that focuses on special financial assistance (SFA) applications and related restrictions and conditions pursuant to the American Rescue… 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 >

Three Key Takeaways: What ARPA Means for Green Zone Pension Plans

Three Key Takeaways: What ARPA Means for Green Zone Pension Plans

It was big news back in March when the American Rescue Plan Act of 2021 (ARPA) was enacted to provide grants, called “special financial assistance,” to boost the solvency of… Read more >

What the American Rescue Plan Act Means for Financially Troubled Multiemployer Pension Plans

What the American Rescue Plan Act Means for Financially Troubled Multiemployer Pension Plans

Listen to this post here. After years of debate on the topic of funding relief for multiemployer pension funds, Congress acted this week with the passage of the American Rescue… Read more >

Employee Benefits and COVID-19: Changing the Future of Benefits Today

Employee Benefits and COVID-19: Changing the Future of Benefits Today

The COVID-19 pandemic is likely to bring long-lasting changes to life in the United States, and those changes will be reflected in employee benefits. How COVID-19 could affect health, retirement… Read more >

Innovative Benefit Offerings on the Rise—Employee Benefits Survey Results

Innovative Benefit Offerings on the Rise—Employee Benefits Survey Results

Beyond traditional benefits such as health and retirement, many organizations use innovative benefits to meet the varied needs of their employees. Benefits like identify theft insurance and student loan repayment… Read more >

Three Important Steps on Your Diversity and Inclusion Journey

Three Important Steps on the Diversity and Inclusion Journey

“After expressing support for racial justice and the Black Lives Matter movement, many companies now face the reality of a prolonged remote working environment and questions about how to promote… Read more >