Pension & Benefits NetNews – July 2, 2019

 

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Featured This Week

 

Employee Benefits Management News

 

  • Employers can offer HRAs integrated with individual coverage under final rules
  • Study findings show employees gearing up to leave jobs in search of companies that share their passions, encourage work-life balance
  • Companies need to take marketing approach when it comes to benefits communication, experts say
  • Self-insured plans must pay PCORI fee by July 31

Pension Plan Guide News

 

  • EBSA issues final regs on electronic filing of top-hat plan statements, apprenticeship and training plan notices
  • IRS grants tax relief to victims of severe storms and flooding in Arkansas
  • IRS grants tax relief to victims of winter storm, snowstorm, and flooding in South Dakota

 

Employee Benefits Management News

 

Employers can offer HRAs integrated with individual coverage under final rules

The Departments of Treasury, Health and Human Services, and Labor have released final rules that allow employers to integrate health reimbursement arrangements (HRA) and other account-based group health plans with individual health insurance coverage or Medicare (individual coverage HRA), if certain conditions are satisfied. For more information, see ¶2125P.

        (Read Cheetah) »

Study findings show employees gearing up to leave jobs in search of companies that share their passions, encourage work-life balance

Turnover is coming as U.S. employees gear up to leave their jobs for new opportunities. According to the 2019 Emerging Workforce Study commissioned by Spherion, 29 percent of employees are planning to leave their jobs in the next 12 months. For more information, see ¶2125Q.

        (Read Cheetah) »

Companies need to take marketing approach when it comes to benefits communication, experts say

To maximize the impact of employee benefits communication, organizations need to take a marketing approach, according to experts at a recent Segal Benz webinar, Benefits Engagement: The 10 Keys to Unlocking Benefits Communication. For more information, see ¶2125S.

        (Read Cheetah) »

Self-insured plans must pay PCORI fee by July 31

Self-insured health plans are required by the Patient Protection and Affordable Care Act (ACA) to pay a fee to help fund the Patient-Centered Outcomes Research Institute (PCORI). The fee for the 2018 plan year is due by July 31, 2019. For more information see ¶2125V.

        (Read Cheetah) »

Pension Plan Guide News

 

EBSA issues final regs on electronic filing of top-hat plan statements, apprenticeship and training plan notices

The Employee Benefits Security Administration (EBSA) has issued final regulations that require electronic filing of “top-hat” plan statements, and apprenticeship and training plan notices. The final regulations are effective August 16, 2019. The final regulations revise ERISA Reg. §2520.104-22(c) and ERISA Reg. §2520.104-23(c) to require internet-based electronic filing of apprenticeship and training plan notices and top-hat plan statements with the Labor Department through EBSA’s website. Once they are filed, these notices and statements will be posted on the Department’s website at http://www.dol.gov/ebsa and be available to the public. Going forward, EBSA’s web-based filing system will be the exclusive method for filing these notices and statements. Filings by mail or personal delivery will no longer be accepted. EBSA notes that since September 30, 2014, the web-based filing system has been available for these notices and statements on a voluntary basis. EBSA has determined that about 65% of the apprenticeship and training plan notices and about 54% of the top hat plan statements have been filed electronically using the filing system. For more information, see ¶165o.

        (Read Cheetah) »

IRS grants tax relief to victims of severe storms and flooding in Arkansas

The IRS has announced tax relief for taxpayers who reside or have a business in the federal disaster areas of Arkansas, Conway, Crawford, Desha, Faulkner, Jefferson, Logan, Perry, Pope, Pulaski, Sebastian, and Yell Counties in Arkansas, which were affected by severe storms and flooding that occurred on May 21, 2019. The relief extends until September 30, 2019 deadlines for filing various returns, including the filing of Form 5500s, and paying taxes otherwise due during the period of May 21, 2019 and before September 30, 2019. For more information, see ¶165k.

        (Read Cheetah) »

IRS grants tax relief to victims of winter storm, snowstorm, and flooding in South Dakota

The IRS has announced tax relief for taxpayers who reside or have a business in the federal disaster areas of Bennett, Bon Homme, Charles Mix, Dewey, Hutchinson, Jackson, Mellette, Minnehaha, Oglala Lakota, Todd, Yankton, Ziebach Counties, the Cheyenne River Sioux Reservation, the Pine Ridge Reservation, and the Rosebud Reservation in South Dakota, which were affected by a winter storm, snowstorm, and flooding that began on March 13, 2019. The relief extends until July 15, 2019 deadlines for filing various returns, including the filing of Form 5500s, and paying taxes otherwise due during the period of March 13, 2019 and before July 15, 2019. For more information, see ¶165j.

        (Read Cheetah) »

 

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