Transcript of Oral Arguments in Church Plan Case

Transcript of oral arguments before the Supreme Court in the consolidated cases dealing with the church plan status of religiously affiliated entities. Document Excerpt Link: https://www.supremecourt.gov/oral_arguments/argument_transcripts/2016/16-74_p8k0.pdf

Temporary PT Excise Tax Relief for Those Provided Temporary DOL Relief

The IRS issues temporary relief from the excise tax under Section 4975 for those who receive DOL relief under Field Assistance Bulletin 2017-01. Document Excerpt This announcement provides relief from certain excise taxes under § 4975 of the Internal Revenue Code (Code), and any related reporting requirements, to conform to the temporary enforcement policy described […]

A District Court Rules Against Health Plan’s Cross-Plan Offset

The court ruled that offsetting charges for one patient against overpayments made to the same provider for another patient under a different plan constitutes an impermissible use of plan assets as the court found that no basis for the practice in the plan documents. Document Excerpt Applying the Finley factors, the Court finds that United’s […]

DOL Field Assistance Bulletin on Fiduciary Regulation Enforcement

The DOL has issued Field Assistance Bulletin 2017-01 providing enforcement relief in light of the DOL’s recent proposed extension of its conflict of interest applicability date. Document Excerpt Link https://www.dol.gov/sites/default/files/ebsa/employers-and-advisers/guidance/field-assistance-bulletins/2017-01.pdf

House Unveils two Bills to Replace the Affordable Care Act

Two House Committees unveiled bills that would replace the Affordable Care Act. Document Excerpt Link https://www.documentcloud.org/documents/3492553-Merged-Document.html#document/p1

Employee Plans News

The IRS’ current issue of Employee Plans News includes the IRS’s first Operational Compliance List to be used by plans to ensure compliance in operation. Document Excerpt Link https://www.irs.gov/retirement-plans/employee-plans-news

DOL Proposed Extension of Applicability Date of Conflict of Interest Regulations

The proposed regulation filed with the OMB was for a 60 day extension of the applicability date of the DOL’s final conflict of interest regulations. Document Excerpt This document proposes to extend for 60 days the applicability date defining who is a “fiduciary” under the Employee Retirement Income Security Act (ERISA) and the Internal Revenue […]

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