Pension & Benefits NetNews – September 2, 2014

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Featured This Week

Employee Benefits Management News

  • Government revises rules for religious employer accommodation for contraceptive coverage
  • Employers worldwide step up investments in workers’ wellness, survey shows
  • Insurance company blows three chances for fair review of benefits claim, but escapes ERISA penalties
  • 2014 brought significant changes in plan choices and cost-sharing options

Pension Plan Guide News

  • Certain Puerto Rican retirement trusts are eligible to use group trusts
  • EBSA issues request for information on use of brokerage windows by individual account plans
  • Company president ordered to restore more than $143,000 to 401(k) plan

Employee Benefits Management News

Government revises rules for religious employer accommodation for contraceptive coverage

The Department of Health and Human Services (HHS), Department of Labor (DOL), and Treasury have responded to two recent Supreme Court rulings by issuing interim final and identical proposed regulations allowing an alternative to the use of EBSA Form 700. They are also issuing proposed regulations that would extend the current religious employer accommodation for nonprofits to certain closely held for-profit entities. For more information, see ¶2079V.

(Read Intelliconnect) »

Employers worldwide step up investments in workers’ wellness, survey shows

Seventy-eight percent of the world’s employers are strongly committed to creating a workplace culture of health, to boost individual engagement and organizational performance. For details, see ¶2079W.

(Read Intelliconnect) »

Insurance company blows three chances for fair review of benefits claim, but escapes ERISA penalties

A wide range of plan choices and cost-sharing options was a vital part of 2014’s initial open enrollment under the Patient Protection and Affordable Care Act (ACA), according to an issue brief issued by America’s Health Insurance Plans (AHIP). For more information, see ¶2079Y.

(Read Intelliconnect) »

2014 brought significant changes in plan choices and cost-sharing options

A wide range of plan choices and cost-sharing options was a vital part of 2014’s initial open enrollment under the Patient Protection and Affordable Care Act (ACA), according to an issue brief issued by America’s Health Insurance Plans (AHIP). For more information, see ¶2079Y.

(Read Intelliconnect) »

Pension Plan Guide News

Certain Puerto Rican retirement trusts are eligible to use group trusts

The IRS has issued a revenue ruling that modifies the list of group trust retiree benefit plans eligible to participate in group trusts described in IRS Rev. Rul. 81-100, as modified by IRS Rev. Rul. 2011-1 (which was modified by Notice 2012-6), to include trusts of certain Puerto Rican retirement plans. For more information, see ¶19,948Z-369.

(Read Intelliconnect) »

EBSA issues request for information on use of brokerage windows by individual account plans

The Employee Benefits Security Administration (EBSA) has issued a Request for Information (RFI) concerning regulatory standards for the use brokerage windows in participant-directed individual account plans. For more information, see ¶19,981Z-41.

(Read Intelliconnect) »

Company president ordered to restore more than $143,000 to 401(k) plan

A judge has ordered a company president to restore more than $143,000 to the retirement plan of Attevo Inc. in Cleveland. For more information, see ¶130A.

(Read Intelliconnect) »