Affordable Care Act Implementation Part XXIV

The agencies release FAQ Affordable Care Act Implementation Part XXIV addressing changes the finalization of changes to the SBC. Document Excerpt Link

Modifications to EPCRS

Rev. Proc. 2015-27 announces some modifications to the EPCRS including a reduction to the user fee under VCP for correction of certain loan failures and the ability to correct certain overpayments using other than the standard correction methods. Document Excerpt  The modifications to Rev. Proc. 2013-12 reflected in this revenue procedure include miscellaneous changes made […]

Extension of Relief For Closed Plans

Notice 2015-28 provides an extension of the protection previously provided in Notice 2014-5 from certain discrimination requirements for certain closed defined benefit plans. Document Excerpt This notice extends 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 […]

Fact Sheet on Timing of Annual Participant-Level Disclosure Change

Along with issuing the change in timing in proposed and final form, the DOL also issued a Fact Sheet on the change. Document Excerpt The direct final rule provides a two-month grace period for furnishing the annual disclosures to participants and beneficiaries. The term “at least annually thereafter” is now defined as “at least once […]

Change to Timing of Annual Disclosure Under Participant-Level Disclosure Regulations

At the same time that it is issuing the proposed change, the DOL is also issuing a change to the final regulations that will become effective in the absence of significant adverse comments to proposed change. Document Excerpt This direct final rule amends the Department of Labor’s “participant-level fee disclosure” regulation. The amendment makes a […]

Proposed change to Timing of Annual Disclosure Under Participant-Level Disclosure Rules

At the same time, the DOL is also releasing a final change that will go into effect provided no significant adverse comments to the proposed changes are received. Document Excerpt This document proposes to amend the Department of Labor’s “participant-level fee disclosure” regulation by making a technical adjustment to an annual timing requirement. In the […]

Final Regulations on Wraparound Coverage and Excepted Benefits

The Departments have released final regulations on excepted benefits under the Affordable Care Act. Document Excerpt This document contains final regulations that amend the regulations regarding excepted benefits under the Employee Retirement Income Security Act of 1974, the Internal Revenue Code, and the Public Health Service Act to specify requirements for limited wraparound coverage to […]

Updated Weighted Average Rates

Notice 2015-24 updates the weighted average rates and yield curve for funding purposes. Document Excerpt This notice provides guidance on the corporate bond monthly yield curve, the corresponding spot segment rates used under § 417(e)(3), and the 24-month average segment rates under § 430(h)(2) of the Internal Revenue Code. In addition, this notice provides guidance […]

Transcript of Oral Arguments in King v. Burwell

King v. Burwell is the case that will decide whether ACA allows for subsidies for those who purchase insurance through the Federal Exchange.   Document Excerpt Link

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