Affordable Care Act FAQ Implementation Part XV

This set of FAQs deals with the annual limit waiver expiration date based on a change of plan year or policy year and other issues. Document Excerpt Set out below are additional Frequently Asked Questions (FAQs) regarding implementation of various provisions of the Affordable Care Act. These FAQs have been prepared jointly by the Departments […]

CMS Releases Shortened Healthcare Application

CMS released a shortened version of the application for health insurance which can be used starting October 1. Document Excerpt The Centers for Medicare & Medicaid Services (CMS) today announced that the application for health coverage has been simplified and significantly shortened. The application for individuals without health insurance has been reduced from twenty-one to […]

Filing Extension for Boston Marathon Victims

The IRS announces a 3-month filing extension for those affected by the Boston marathon explosions. Document Excerpt  This notice provides a 3-month extension of time to file and pay tax under sections 6081 and 6161 of the Internal Revenue Code (Code) for those individuals affected by the Boston Marathon explosions. Link http://www.irs.gov/pub/irs-drop/n-13-30.pdf

Sample Completed SBC

Sample completed SBC authorized for second year of applicability. Document Excerpt Link http://www.dol.gov/ebsa/pdf/CorrectedSampleCompletedSBC2.pdf

SBC Template

The DOL releases a SBC template. Document Excerpt Link http://www.dol.gov/ebsa/pdf/correctedsbctemplate2.pdf

FAQs Affordable Care Act Implementation Part XIV

The DOL releases another set of FAQs regarding the implementation of the Affordable Care Act. Document Excerpt Set out below are additional Frequently Asked Questions (FAQs) regarding implementation of various provisions of the Affordable Care Act. These FAQs have been prepared jointly by the Departments of Labor, Health and Human Services (HHS), and the Treasury […]

IRS Defined Benefit Phone Forum

The IRS has released its slide presentation for its defined benefit plan phone forum. Document Excerpt Link http://www.irs.gov/pub/irs-tege/db_phoneforum_presentation.pdf

Anti-Cutback Relief for Certain ESOP Amendments

Notice 2013-17 provides relief from the anti-cutback provisions for certain ESOP amendments where the ESOP eliminated the distribution option applicable to qualified participants to comply with the diversification requirement of Section 401(a)(35). Document Excerpt  This notice provides relief from the anti-cutback requirements of § 411(d)(6) of the Internal Revenue Code for plan amendments that eliminate […]

Supreme Court Decides McCuthen

In a 5-4 decision, the Supreme Court holds that a well-drafted reimbursement provision of a plan will prevail against equitable claims. Document Excerpt In a §502(a)(3) action based on an equitable lien by agreement— like this one—the ERISA plan’s terms govern. Neither general unjust enrichment principles nor specific doctrines reflecting those principles—such as the double-recovery […]

May Lump Sum Rates

The PBGC releases the interest rates for May lump sums. Document Excerpt The immediate interest rate for valuing lump sum payments for the month of May 2013 is 1.00%. The deferred interest rate I1 is 4.00%, I2 is 4.00%, and I3 is 4.00%. (The immediate interest rate for April 2013 was 1.00% for lump sum […]

About Us

Benefits Forward is a news site for professionals in the field of employee benefits. Our goal is to provide the latest information about the benefits field and to host a community discussion regarding related issues.

Seminars, Conferences & Other Events

  • Sorry, there are no articles in this category.

Need Help Correcting Plan Errors?

Contact us for either consultation on how you can Self Correct or to propose cost effective correction methods using VCP. Or contact us to submit under VCP on your behalf or on behalf of your client. Contact us by email.