Pension & Benefits Reports NetNews – March 30, 2015

 

NetNews Subscription

Want to receive these Newsletters via E-mail?

hr.cch.com Resources

About Links in this Newsletter

To access the IntelliConnect™ full text documents you must be a subscriber to the Pension Plan Guide or Employment Benefits Management.

Links within news stories display full text documents including legislation, regulations,
court decisions, rulings and government reports.

The first time you click on a link you will be taken to the IntelliConnect login page, where you will need to enter your ID and password. Subsequent links will take you directly to the desired document.

IntelliConnect

If you aren’t a subscriber call 800-449-9525, or let us contact you about,

Email Us

Contact us by sending an e-mail to

 

Featured This Week

 

Employee Benefits Management News

 

  • Final regulations specify requirements for limited wraparound coverage to qualify as excepted benefits
  • ACA has made “virtually no change” in employer health plan enrollment numbers
  • House again approves bill exempting emergency services volunteers from ACA
  • Most employers unsure of best way to comply with upcoming reporting requirements

Pension Plan Guide News

 

  • DOL announces additional flexibility for 401(k) plans providing annual investment information to participants
  • IRS extends temporary nondiscrimination relief for closed defined benefit plans
  • PBGC guarantee for multiemployer plan participants will cover smaller share of benefits in future plan insolvencies

 

Employee Benefits Management News

 

Final regulations specify requirements for limited wraparound coverage to qualify as excepted benefits

The Departments of Treasury, Labor, and Health and Human Services (Departments) have issued final regulations on employer-provided limited wraparound coverage qualifying as excepted benefits. Benefits that are excepted benefits are not subject to the group health plan requirements, including market reforms, under the Patient Protection and Affordable Care Act (ACA). For more information, see ¶2085E.

        (Read Intelliconnect) »

ACA has made “virtually no change” in employer health plan enrollment numbers

Between 2014 and 2015, there has been “virtually no change” in the average percentage of all employees – full-time and part-time – enrolled in employer-sponsored health plans, according to a recent Mercer survey. For details, see ¶2085H.

        (Read Intelliconnect) »

House again approves bill exempting emergency services volunteers from ACA

The House on March 17 unanimously approved for the third time, the Protecting Volunteer Firefighters and Emergency Responders Bill (HR 1191), which ensures that emergency services volunteers are not counted as full-time employees by the IRS under the employer mandate of the Patient Protection and Affordability Care Act (ACA). For more information, see ¶2085I.

        (Read Intelliconnect) »

Most employers unsure of best way to comply with upcoming reporting requirements

A large percentage of employers still have not decided how they are going to comply with the Patient Protection and Affordable Care Act’s (ACA) information reporting requirements, according to speakers at a recent Mercer webcast entitled
ACA Play-Or-Pay and Minimum Essential Coverage (MEC) Reporting. For more information, see ¶2085J.

        (Read Intelliconnect) »

Pension Plan Guide News

 

DOL announces additional flexibility for 401(k) plans providing annual investment information to participants

The Employee Benefits Security Administration has announced a direct final rule that provides a two-month grace period for participant-directed individual account plans (e.g., 401(k) plans) to provide annual investment and plan-related information to participants. For more information, see ¶134D.

        (Read Intelliconnect) »

IRS extends temporary nondiscrimination relief for closed defined benefit plans

The is extending the temporary nondiscrimination relief provided in Notice 2014-5 for an additional year by applying that relief to plan years beginning before 2017 if the conditions of Notice 2014-5 are satisfied. During the period for which this extension applies, the remaining provisions of the nondiscrimination regulations under §401(a)(4) (including the rules relating to the timing of plan amendments under §1.401(a)(4)-5) continue to apply. For more information, see ¶17,156E.

        (Read Intelliconnect) »

PBGC guarantee for multiemployer plan participants will cover smaller share of benefits in future plan insolvencies

In coming years, more than half of workers and retirees in terminated multiemployer plans will face a reduction in benefits under current PBGC guarantees if their plans run out of money, according to PBGC’s Multiemployer Guarantee study. For more information, see ¶133Z.

        (Read Intelliconnect) »

 

For more information, visit http://www.wolterskluwerlb.com/rbcs.