Pension & Benefits NetNews – April 8, 2014

 

NetNews Subscription

Want to receive these Newsletters via E-mail?

hr.cch.com Resources

About Links in this Newsletter

To access the IntelliConnect™ full text documents you must be a subscriber to the Pension Plan Guide or Employment Benefits Management.

Links within news stories display full text documents including legislation, regulations,
court decisions, rulings and government reports.

The first time you click on a link you will be taken to the IntelliConnect login page, where you will need to enter your ID and password. Subsequent links will take you directly to the desired document.

IntelliConnect

If you aren’t a subscriber call 800-449-9525, or let us contact you about,

Email Us

Contact us by sending an e-mail to

 

Featured This Week

Employee Benefits Management News

  • HHS releases security risk assessment tool to help providers with HIPAA compliance
  • IRS provides guidance on health FSA carryovers and HSA eligibility
  • IRS provides safe harbor under health insurance providers fee for premiums written for expatriate plans
  • Many employees are still worried about affordability of health care in retirement

Pension Plan Guide News

  • PBGC issues proposed regs that make it easier for 401(k) participants to get lifetime income by moving benefits to DB
  • IRS announces deadline to submit determination letter applications for pre-approved defined contribution plans
  • Congress approves new pension rules for cooperative small employer charity plans

Employee Benefits Management News

HHS releases security risk assessment tool to help providers with HIPAA compliance

A new security risk assessment (SRA) tool to help guide health care providers in small to medium sized offices conduct risk assessments of their organizations is now available from the Department of Health and Human Services (HHS). For details, see ¶2075W.

(Read Intelliconnect) »

IRS provides guidance on health FSA carryovers and HSA eligibility

While Notice 2013-71 provided a much-wished-for easing of the use-it-or-lose-it rule, it has provided for some confusion for employers who have both a high-deductible health plan (HDHP) with a health savings account (HSA) and a health FSA with a carryover feature. The IRS Office of Chief Counsel has issued Memorandum 201413005 to answer some questions concerning the health FSA carryover and HSA eligibility. For details, see ¶2075X.

(Read Intelliconnect) »

IRS provides safe harbor under health insurance providers fee for premiums written for expatriate plans

The IRS has provided a temporary safe harbor for “covered entities” that report direct premiums written for expatriate plans on a Supplemental Health Care Exhibit (SHCE) in connection with the annual fee imposed on insurers of U.S. health risks. For more information, see ¶2075Y.

(Read Intelliconnect) »

Many employees are still worried about affordability of health care in retirement

A recently-released survey by global professional services company Towers Watson reveals more workers are planning to delay retirement, many beyond age 70. While U.S. workers are more satisfied with their financial situation now compared with five years ago, their retirement confidence still remains below levels prior to the financial crisis, Towers Watson found. For more information, see ¶2076A.

(Read Intelliconnect) »

Pension Plan Guide News

PBGC issues proposed regs that make it easier for 401(k) participants to get lifetime income by moving benefits to DB plans

The PBGC has issued proposed regulations that will make it easier for 401(k) participants to get lifetime income by moving benefits to defined benefit plans by removing the fear that the rolled over amounts will be subject to the guarantee limits that apply when the PBGC terminates defined benefit plans and pays benefits. For more information, see ¶127D.

(Read Intelliconnect) »

IRS announces deadline to submit determination letter applications for pre-approved defined contribution plans

The IRS has announced that starting May 1, 2014 and ending April 30, 2016, it will accept determination letter applications from employers under the second 6-year remedial amendment cycle for pre-approved defined contribution plans. For more information, see ¶17,097T-87.

(Read Intelliconnect) »

Congress approves new pension rules for cooperative small employer charity plans

Bipartisan legislation that would establish new funding and disclosure rules for Cooperative Small Employer Charity plans has passed both houses of Congress and is expected to be signed by the President. For more information, see ¶127C.

(Read Intelliconnect) »