MHPAEA Final Rules Amending NQTL Standard
IFEBP Blog » Erisa
by Jenny Gartman, CEBS
1M ago
On September 9, 2024, the U.S. Departments of Health and Human Services (HHS), Labor (DOL), and the Treasury released new final rules implementing the Mental Health Parity and Addiction Equity Act (MHPAEA). The final rules set forth content requirements and timeframes for […] The post MHPAEA Final Rules Amending NQTL Standard appeared first on Word on Benefits ..read more
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Celebrating 50 Years of ERISA: An Interview With Phyllis Borzi
IFEBP Blog » Erisa
by Anne Patterson
2M ago
The traditional 50th anniversary gift is gold, and the latest Talking Benefits podcast episode shined just like the glittery metal, paying homage to the Employee Retirement Income Security Act of 1974 (ERISA). ERISA was signed into law by Gerald Ford almost 50 […] The post Celebrating 50 Years of ERISA: An Interview With Phyllis Borzi appeared first on Word on Benefits ..read more
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Looking Back on ERISA’s Journey
IFEBP Blog » Erisa
by Kathy Bergstrom, CEBS
2M ago
Nearly 50 years ago—on September 2, 1974—President Gerald Ford signed the Employee Income Retirement Income Security Act (ERISA) into law. The International Foundation has been providing education on this landmark legislation ever since. That education includes ERISA Insights: Voices From the Early […] The post Looking Back on ERISA’s Journey appeared first on Word on Benefits ..read more
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Fiduciary Basics for Governmental Plans
IFEBP Blog » Erisa
by Amanda Wilke, CEBS
2M ago
Plan sponsors have a responsibility to protect the interests of employee and retiree participants in their benefit plans. Government plan sponsors for 457 and 401(a) defined contribution (DC) retirement plans should be aware of fiduciary basics and the latest trends to protect […] The post Fiduciary Basics for Governmental Plans appeared first on Word on Benefits ..read more
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The Supreme Court and the Chevron Doctrine: Key Takeaways for Employee Benefit Plans
IFEBP Blog » Erisa
by Kathy Bergstrom, CEBS
2M ago
Employee benefit plan sponsors and administrators may feel the effects of the U.S. Supreme Court’s decision to overturn the so-called Chevron doctrine for many years to come, predicts Katherine Hesse, CEBS, an Employee Retirement Income Security Act (ERISA) attorney. Hesse, who is […] The post The Supreme Court and the Chevron Doctrine: Key Takeaways for Employee Benefit Plans appeared first on Word on Benefits ..read more
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ERISA Preemption 101
IFEBP Blog » Erisa
by Jenny Gartman, CEBS
3M ago
Hailed by its authors as the law’s “crowning glory” or “crowning jewel,” the preemption clause in the Employee Retirement Income Security Act of 1974 (ERISA) was designed to help simplify employee benefits administration for multistate employers. But what does ERISA preemption mean? […] The post ERISA Preemption 101 appeared first on Word on Benefits ..read more
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Understanding ERISA Liability in the Context of Pharmacy Benefits
IFEBP Blog » Erisa
by Anne Newhouse, CEBS
3M ago
Fiduciary responsibility has always been a concern for retirement plans governed by the Employee Retirement Income Security Act of 1974 (ERISA). The language on the Department of Labor (DOL) Fiduciary Responsibilities webpage explains, “The primary responsibility of fiduciaries is to run the […] The post Understanding ERISA Liability in the Context of Pharmacy Benefits appeared first on Word on Benefits ..read more
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Three DOL Developments for Retirement Plan Sponsors
IFEBP Blog » Erisa
by Jenny Gartman, CEBS
4M ago
So far in 2024, the Department of Labor (DOL) has released proposals for plan administrators to populate a missing participant database and automatic portability of retirement plan accruals when employees change jobs. The DOL also finalized a retirement security rule package and […] The post Three DOL Developments for Retirement Plan Sponsors appeared first on Word on Benefits ..read more
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The DOL Retirement Security Final Rule: Highlights for Plan Sponsors
IFEBP Blog » Erisa
by Jenny Gartman, CEBS
4M ago
On April 25, 2024, the Department of Labor (DOL) published the retirement security final rule defining fiduciary status for investment advice to retirement investors under the Employee Retirement Income Security Act (ERISA) and the Internal Revenue Code (IRC). It is set to […] The post The DOL Retirement Security Final Rule: Highlights for Plan Sponsors appeared first on Word on Benefits ..read more
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Best Practices for Multiemployer Retirement Plan Death Audits
IFEBP Blog » Erisa
by Jenny Gartman, CEBS
5M ago
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 […] The post Best Practices for Multiemployer Retirement Plan Death Audits appeared first on Word on Benefits ..read more
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