Pension & Benefits NetNews – September 16, 2014

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Featured This Week

Employee Benefits Management News

  • Small businesses in five states will get early access to SHOP Exchanges
  • Many plans waiting for HHS guidance on health plan identifiers, poll finds
  • Employer mandate isn’t pushing workers into part-time gigs
  • Employer-sponsored family health premiums rise 3% in 2014, deductibles up 47% since 2009

Pension Plan Guide News

  • PBGC proposes to revise its system of records
  • ERISA Advisory Council to hold teleconference on September 29, 2014
  • Fiduciary ordered to restore losses to SIMPLE IRA plan

Employee Benefits Management News

Small businesses in five states will get early access to SHOP Exchanges

Small business in Delaware, Illinois, Ohio, Missouri and New Jersey will be able to access the online portal for the Small Business Options Program (SHOP) Exchange in late October ahead of the November 15 start of open enrollment, according to the Department of Health and Human Services. For more information, see ¶2080E.

(Read Intelliconnect) »

Many plans waiting for HHS guidance on health plan identifiers, poll finds

Ninety-percent of ERISA Industry Committee (ERIC) members have not applied yet for a Health Plan Identifier (HPID) for any of their self-insured health plans from the Department of Health and Human Services (HHS), according to a poll conducted by ERIC. For details, see ¶2080F.

(Read Intelliconnect) »

Employer mandate isn’t pushing workers into part-time gigs

Despite claims that the Patient Protection and Affordable Care Act (ACA) would lead to an increase in part-time work, no ACA-attributable increase was seen by the Urban Institute for 2014. For more information, see ¶2080G.

(Read Intelliconnect) »

Employer-sponsored family health premiums rise 3% in 2014, deductibles up 47% since 2009

Average annual premiums for employer-sponsored family health coverage reached $16,834 this year, up three percent from last year, continuing a recent trend of modest increases, according to the Kaiser Family Foundation/Health Research & Educational Trust (HRET) 2014 Employer Health Benefits Survey. For more information, see ¶2080I.

(Read Intelliconnect) »

Pension Plan Guide News

PBGC proposes to revise its system of records

The PBGC is proposing to retire certain existing systems of records, revise the purpose and routine uses of other records, make technical revisions to systems of records, and establish a new system of records. For more information, see ¶130K.

(Read Intelliconnect) »

ERISA Advisory Council to hold teleconference on September 29, 2014

The 173rd open meeting of the ERISA Advisory Council will be held as a teleconference on September 29, 2014. For more information, see ¶130J.

(Read Intelliconnect) »

Fiduciary ordered to restore losses to SIMPLE IRA plan

A federal district court has ordered a default judgment requiring a fiduciary to restore losses to the Storrow Kinsella Associates SIMPLE IRA Plan in Indianapolis, Indiana. For more information, see ¶130I.

(Read Intelliconnect) »

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