DOL Guidance

Agencies Proposed Regulations On Short-Term, Limited Duration Insurance

The IRS, EBSA, DOL and HHS release a proposed rule to amend the definition of short-term, limited duration insurance for purposes of the exclusion from the definition of individual health insurance coverage. Document Excerpt This rule contains proposals amending the definition of short-term, limited duration insurance for purposes of its exclusion from the definition of […]

DOL Report on Private Plans

EBSA issues its Private Pension Plan Bulletin abstract of 2015 culled from 5500 reports. Document Excerpt Number of Pension Plans and Participants6 􀁸 The total number of pension plans grew again in 2015 to approximately 694,000 plans, a 1.3 percent increase over 2014. The number of DC plans grew by 1.2 percent. Despite the long-term […]

DOL Announces April 1, 2018 Applicability Date for Claims Regulations Amendment

The DOL announced its decision for April 1, 2018 as the applicability date for employee benefit plans to comply with the final rule amendments regarding disability claims. Document Excerpt The U.S. Department of Labor announced today its decision for April 1, 2018, as the applicability date for employee benefit plans to comply with a final […]

DOL Proposed Rules to Allow Employer Groups to Maintain Health Plans

The proposed rule would broaden the definition of employer for purposes of ERISA Section 3(5) to make it easier for employers in the same industry or employers located in the same geographic area to maintain association plans. Document Excerpt This document contains a proposed regulation under Title I of the Employee Retirement Income Security Act […]

DOL 2018 Inflation-Adjusted Penalties

The DOL announces penalty adjustments for 2018 including penalties applicable to employee benefit plans. Document Excerpt The U.S. Department of Labor (Department) is publishing this final rule to adjust for inflation the civil monetary penalties assessed or enforced in its regulations, pursuant to the Federal Civil Penalties Inflation Adjustment Act of 1990 as amended by […]

DOL Fall 2017 Regulatory Agenda

The DOL has released its updated 2017 Regulatory Agenda. Document Excerpt Link https://www.reginfo.gov/public/do/eAgendaMain?operation=OPERATION_GET_AGENCY_RULE_LIST&currentPub=true&agencyCode=&showStage=active&agencyCd=1200&Image58.x=36&Image58.y=7&Image58=Submit

EBSA Extension of Transition Period and Delay of Applicability Dates for BICE and other PTEs

The DOL issues guidance extending the special transition period under Sections II and IX of the BICE and Section VII of the Class Exemption for Principal Transactions in Certain Assets. Document Excerpt SUMMARY: This document extends the special transition period under sections II and IX of the Best Interest Contract Exemption and section VII of […]

DOL Extends Transition Period for Fiduciary Rule Exemptions

DOL provides guidance on extended transition period. Document Excerpt WASHINGTON, DC – The U.S. Department of Labor has announced an 18-month extension from Jan. 1, 2018, to July 1, 2019, of the special Transition Period for the Fiduciary Rule’s Best Interest Contract Exemption and the Principal Transactions Exemption, and of the applicability of certain amendments […]

Final Regs Delaying Applicability Date of Disability Claims Procedure

The DOL releases final regulations delaying for 90 days–through April 1, 2018, the applicability of the final regulations amending the rules governing disability claims. Document Excerpt SUMMARY: This document delays for ninety (90) days – through April 1, 2018 – the applicability of a final rule amending the claims procedure requirements applicable to ERISA covered […]

Extension of Time Frames for Benefit Plans and Participants Affected by Maria

The IRS and the DOL have provided extensions for satisfaction of various disclosure and reporting requirements for employee benefit plans, participants and beneficiaries affected by Hurricane Maria. Document Excerpt This document announces the extension of certain time frames under the Employee Retirement Income Security Act and the Internal Revenue Code for group health plans, disability […]

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