Advisory Council Request Input on Model Disclosure on Pension De-Risking

The 2015 Advisory Council on Employee Welfare and Pension Benefit Plans is interested in providing a Model Notice and Disclosure for Pension Risk Transfers and request comments and input as to what should be included. Document Excerpt The 2015 Council will supplement the work of the 2013 Council by focusing specifically on the information that participants […]

EEOC FAQs on Wellness Proposed Regulations

In conjunction with the release of its proposed regulations, the EEOC also released its Frequently Asked Questions on the topic. Document Excerpt On April 20, 2015, the Equal Employment Opportunity Commission (EEOC or the Commission) will issue a notice of proposed rulemaking (NPRM) on how Title I of the Americans with Disabilities Act (ADA) applies […]

EEOC Proposed Wellness Regulations

The EEOC has released its proposed Wellness regulations. Document Excerpt SUMMARY: The Equal Employment Opportunity Commission (‘‘EEOC’’ or ‘‘Commission’’) is issuing a proposed rule that would amend the regulations and interpretive guidance implementing Title I of the Americans with Disabilities Act (ADA) as they relate to employer wellness programs. The proposed rule amends the ADA regulations […]

Eligibility for Minimum Essential Coverage in the case of CHIP “Buy-In”

Notice 2015-37 provides guidance on eligibility for minimum essential coverage under Section 36B for individuals who enroll under the Children’s Health Insurance “buy-in” program. Document Excerpt  This notice provides guidance on eligibility for minimum essential coverage under § 36B of the Internal Revenue Code for individuals who may enroll in coverage under Children’s Health Insurance […]

Affordable Care Act FAQs Part XXV

The Agencies release the Affordable Care Act Frequently Asked Questions Part XXV dealing with Wellness Programs.  Document Excerpt On June 3, 2013, the Departments issued final regulations(4) under PHS Act section 2705 and the related provisions of ERISA and the Code that address the requirements for wellness programs provided in connection with group health coverage. […]

Proposed Class Exemption for Principal Transactions in Certain Debt Instruments

The DOL has proposed a Class Exemption from certain prohibited transactions involving certain principal transactions in certain debt securities. Document Excerpt  This document contains a notice of pendency before the U.S. Department of Labor of a proposed exemption from certain prohibited transactions provisions of the Employee Retirement Income Security Act of 1974 (ERISA) and the […]

Proposed Best Interest Class Exemption

In addition to the new proposed regulations defining “fiduciary” and including conflict of interest rules, the DOL also releases a proposed Best Interest Class Exemption that would provide some protection for certain business transactions that regularly take place in the marketplace. Document Excerpt The exemption proposed in this notice (“the Best Interest Contract Exemption”) was […]

Proposed Fiduciary and conflict of Interest Rule

The DOL has released its proposed regulation defining the term “fiduciary” and including new proposed conflict of interest rules. Document Excerpt  This document contains a proposed regulation defining who is a “fiduciary” of an employee benefit plan under the Employee Retirement Income Security Act of 1974 (ERISA) as a result of giving investment advice to a […]

Additional Modifications to EPCRS

Revenue Procedure 2013-28 adds safe harbor corrections for automatic enrollment failures. Document Except  The following modifications to Rev. Proc. 2013-12 are reflected in this revenue procedure: • New safe harbor EPCRS correction methods relating to automatic contribution features (including automatic enrollment and automatic escalation of elective deferrals) in plans described in § 401(k) and § […]

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