Pension & Benefits NetNews – February 25, 2014

 

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Featured This Week

Employee Benefits Management News

  • Commonwealth Fund expert puts impact of young adult Marketplace participation in perspective
  • SIFL rates issued for the first half of 2014
  • Providers ask High Court to set ERISA pleading standard in benefits recovery claim
  • IRS, HHS, DOL, clarify orientation period calculation relative to PHS Act 90-day waiting period limit

Pension Plan Guide News

  • DOL secures appointment of independent fiduciary for abandoned 401(k) plan
  • Judge orders trustees to restore losses to Illinois-based 401(k) plan
  • Court appoints independent fiduciary to terminate 401(k) plan and distribute its assets

Employee Benefits Management News

Commonwealth Fund expert puts impact of young adult Marketplace participation in perspective

Will men and women ages 19 to 34—a group uninsured at disproportionately high rates but generally healthier than older adults—enroll in Marketplace health plans at a rate high enough to ensure the marketplaces’ success? For details, see ¶2074S.

(Read Intelliconnect) »

SIFL rates issued for the first half of 2014

The Department of Transportation has released the applicable terminal charge and standard industry fare level (SIFL) mileage rates for January 1, 2014, through June 30, 2014. For details, see ¶2074T.

(Read Intelliconnect) »

Providers ask High Court to set ERISA pleading standard in benefits recovery claim

Citing a split of authority among the circuits over the issue, a group of physician and facilities providers have asked the U.S. Supreme Court to determine the standard of pleading required to state a claim under ERISA Sec. 502(a), in the wake of the court’s rulings in
Bell Atl. Corp. v. Twombly and Ashcroft v. Iqbal. For more information, see ¶2074U.

(Read Intelliconnect) »

IRS, HHS, DOL, clarify orientation period calculation relative to PHS Act 90-day waiting period limit

The IRS, HHS, and the Employee Benefits Security Administration (EBSA) have issued proposed regulations, clarifying the calculation of the maximum allowed length of an employment orientation period relative to final regulations implementing the 90-day waiting period limitation under Public Health Service Act (PHSA) §2708. For more information, see ¶2074W.

(Read Intelliconnect) »

Pension Plan Guide News

DOL secures appointment of independent fiduciary for abandoned 401(k) plan

EBSA has secured the appointment of an independent fiduciary for an abandoned Albany, N.Y. 401(k) plan. For more information, see ¶126B.

(Read Intelliconnect) »

Judge orders trustees to restore losses to Illinois-based 401(k) plan

A federal district court judge has ordered trustees to restore losses to Mid-States Express Inc. 401(k) Plan, located in Aurora, Illinois. For more information, see ¶126C

(Read Intelliconnect) »

Court appoints independent fiduciary to terminate 401(k) plan and distribute its assets

In the consent judgment and order, a court appointed an independent fiduciary for the purpose of terminating a Florida-based 401(k) plan and distributing its remaining assets and lost earnings to participants. For more information, see ¶126E.

(Read Intelliconnect) »