Pension & Benefits NetNews – July 5, 2017

 

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Featured This Week

 

Employee Benefits Management News

 

  • Eating disorder is mental health condition subject to parity rules, FAQ says
  • One-third of companies increase employee benefits in war for talent, SHRM finds
  • Pregame away day meals were fully deductible de minimis fringe benefit
  • After CBO issues report, Senate GOP leadership delays vote on ACA repeal bill

Pension Plan Guide News

 

  • DOL announces issuance of request for information concerning fiduciary conflict of interest regs
  • PBGC issues disaster relief for Missouri
  • EBSA’s Chicago office and PBGC recover almost $1.5M for terminated plan beneficiaries

 

Employee Benefits Management News

 

Eating disorder is mental health condition subject to parity rules, FAQ says

The Mental Health Parity and Addiction Equity Act of 2008 (MHPAEA) applies to benefits a plan or issuer may offer for treatment of an eating disorder, according to a frequently asked question (FAQ) that the Departments of Labor (DOL), Health and Human Services (HHS) and the Treasury have issued. For more information, see ¶2107D.

        (Read Intelliconnect) »

One-third of companies increase employee benefits in war for talent, SHRM finds

Nearly one-third of organizations increased their overall benefits in the last 12 months signaling the need to remain competitive in today’s recruiting environment, according to the Society for Human Resource Management’s (SHRM’s) 2017 Employee Benefits survey report. For more information, see ¶2107F.

        (Read Intelliconnect) »

Pregame away day meals were fully deductible de minimis fringe benefit

A professional hockey team, organized as an S corporation, was entitled to deduct the entire cost of pregame meals for players and personnel at away games, the U.S. Tax Court has ruled. The meals qualified as de minimis fringe benefits. For more information, see ¶2107K.

        (Read Intelliconnect) »

After CBO issues report, Senate GOP leadership delays vote on ACA repeal bill

Senate Republican Leadership on June 27 decided to delay bringing the Better Care Reconciliation Act of 2017 (Better Care Act) to the Senate floor after originally planning for a vote before the weekend. The measure proposes to repeal and replace, in part, the Patient Protection and Affordable Care Act (ACA) and related taxes. For more information, see ¶2107L.

        (Read Intelliconnect) »

Pension Plan Guide News

 

DOL announces issuance of request for information concerning fiduciary conflict of interest regs

The Department of Labor (DOL) has posted a request for information on its website concerning the fiduciary conflict of interest rules and accompanying exemptions. The DOL has provided a 15-day comment period for issues connected with the extension of the January 1, 2018 applicability date of certain issues and a 30-day comment period for all of the other issues raised in the request for information. The comment periods will begin with the publication of the document in the Federal Register. For more information, see ¶151m.

        (Read Intelliconnect) »

PBGC issues disaster relief for Missouri

The Pension Benefit Guaranty Corporation (PBGC) has announced relief from certain deadlines and penalties in connection with the Form 5500 series for “designated persons” adversely affected by the severe storms, tornadoes, straight-line winds, and flooding that began on April 28, 2017 in Missouri. The relief generally extends from April 28, 2017 through August 31, 2017. For more information, see ¶150u.

        (Read Intelliconnect) »

EBSA’s Chicago office and PBGC recover almost $1.5M for terminated plan beneficiaries

Working together, the DOL’s Employee Benefits Security Administration and the Pension Benefit Guaranty Corporation (PBGC) have recovered almost $1.5 million for participants in two terminated Chicago-based pension plans. The EBSA’s Chicago Regional Office and the PBGC are trying to track down about 1,200 participants entitled to benefits under the Hartmarx Retirement Income Plan and the United Airlines Ground Employees’ Retirement Plan. During bankruptcy proceedings, the PBGC took responsibility for the Hartmarx plan when it terminated in 2009 and for the United Airlines Ground Employees’ Retirement Plan in 2005. Of the 1,200 missing participants, 100 are age 65 or older, and currently eligible to receive benefits from the plans, according to an EBSA news release. For more information, see ¶150p.

        (Read Intelliconnect) »

 

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