Pension and Benefits NetNews – July 15, 2014

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Featured This Week

Employee Benefits Management News

  • Consider how today’s health care decisions will impact your workforce in near future
  • Supreme Court: Religious college does not have to file contraception mandate opt-out form
  • Company stock plans influence 86% of employees thinking of changing jobs
  • Video communications for benefits enrollment trigger exceptionally high response rates

Pension Plan Guide News

  • PBGC issues moratorium on 4062(e) enforcement
  • PBGC report shows improvement in single-employer plans, increased risks to multiemployer plans
  • IRS seeks comments on Form 1099-R

Employee Benefits Management News

Consider how today’s health care decisions will impact your workforce in near future

Because an organization’s approach to the provision of employee health care can significantly affect its ability to attract and retain a suitable workforce, employers should, in the near future, take the following recommended actions, according to a recently-released article in the World at Work Journal. For details, see ¶2078M.

(Read Intelliconnect) »

Supreme Court: Religious college does not have to file contraception mandate opt-out form

In the wake of its decision in the landmark case Hobby Lobby v. Burwell, the Supreme Court has granted Wheaton College an injunction from completing and filing EBSA Form 700. Wheaton College, a Christian liberal arts college and religious employer, alleged that the form itself violated the First Amendment and the Religious Freedom Restoration Act (RFRA). For more information, see ¶2078O.

(Read Intelliconnect) »

Company stock plans influence 86% of employees thinking of changing jobs

According to a new survey of 2,116 stock plan participants by Fidelity Investments, an increasing number of workers are considering the availability of a company stock plan when evaluating a new job opportunity. For more information, see ¶2078P.

(Read Intelliconnect) »

Video communications for benefits enrollment trigger exceptionally high response rates

Aggregate results of 18 large employer case studies compiled by Flimp Media reveal exceptionally high employee engagement and response rates to video communications regarding benefits enrollment. For more information, see ¶2078Q.

(Read Intelliconnect) »

Pension Plan Guide News

PBGC issues moratorium on 4062(e) enforcement

The PBGC has announced a moratorium, until the end of 2014, on the enforcement of 4062(e) cases. For more information, see ¶129F.

(Read Intelliconnect) »

PBGC report shows improvement in single-employer plans, increased risks to multiemployer plans

Despite substantial economic and market gains, multiemployer pension plans covering about 1.5 million people are severely underfunded, threatening benefit cuts for current and future retirees, according to the FY 2013 Projections Report released today by the Pension Benefit Guaranty Corporation. By comparison, the financial situation for private single-employer plans, which cover about 30 million participants, is projected to improve. For more information, see ¶129B.

(Read Intelliconnect) »

IRS seeks comments on Form 1099-R

The Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act. Currently, the IRS is soliciting comments concerning Form 1099-R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. For more information, see ¶129A.

(Read Intelliconnect) »