ERISA & Employee Benefits

Agencies Issue Two Rounds of No Surprise Billing Guidance

By Roberta Casper Watson, Dannae Delano and Barry Salkin The No Surprises Act (“Act”), part of the Consolidated Appropriations Act, 2021, enhances the ACA’s consumer protections by prohibiting balance billing in many situations and limiting out-of-network cost sharing in circumstances where surprise billing typically occurs (see Agencies Issue Regulations Restricting Surprise Billing), and the ...

Year End Reminders for Retirement Plans 2021 Edition

By Jon Schultze As the end of 2021 approaches, employers and plan sponsors of retirement plans need to be aware of their year-end responsibilities and some of the issues they will need to consider going into 2022. Year-end amendments – Plans may need to adopt amendments by December 31, 2021, even if the plan’s plan year is not the calendar year: Final hardship distributions regulations – The ...

Multiple Employer Welfare Arrangement in California Allowed to Continue Large Employer Rating for Small Employers Per New California State Legislation

Biocom, an employer association for employers in the biotech life sciences based in San Diego, established a health plan for its member employers in 2012. The Beyond Benefits Life Science Association Trust, a multiple employer welfare arrangement or MEWA, helps small employers (often startups with limited budgets) obtain high quality health coverage at competitive premium rates. 

IRS Announces Cost-of-Living Adjustments Affecting Retirement Plans for 2022

The Internal Revenue Service announced cost-of-living adjustments affecting certain dollar limitations for pension plans and other retirement-related limitations for 2022 in Notice 2021-61.

Misuse of Participant Confidential Data

by Jon Schultze, Susan Rees and Barry Salkin

Department of Labor Provides Temporary and Limited Relief to Investment Advice Fiduciaries

by Barry Salkin, and Stephen Wilkes

UPDATE: Does Your Plan use a LIMITED SCOPE AUDIT for Form 5500 Financial Reporting?

by Jason Kotlyarov, Susan Rees, Barry Salkin, and Stephen Wilkes

Further Thoughts on the DOL’s Informal Guidance on Cybersecurity

by Jon Schultze, Susan Rees and Barry Salkin

Department of Labor Issues Proposed Changes to Investment Duties Rule Under ERISA

by Ivelisse Berio LeBeau

Congress Considers Mandatory Auto-Enrollment IRAs

by Israel Goldowitz, Jon Schultze and Mark Greenstein