DOL Guidance

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 […]

Additional Relief for Plans and Participants Impacted by Maria

The DOL releases additional relief for employee plans, participants and beneficiaries impacted by Hurricane Maria. Document Excerpt WASHINGTON, DC – The U.S. Department of Labor announced employee benefit plan compliance guidance and relief for victims of Hurricane Maria and the October 2017 California Wildfires. The Department understands that plan fiduciaries, employers, labor organizations, service providers, […]

FAQs following Hurricane Maria

The DOL releases a set of Frequently Asked Questions for participants and beneficiaries following Hurricane Maria. Document Excerpt The Department is issuing these FAQs to assist employee benefit plans, plan sponsors, employers and employees who were impacted by the devastation caused by Hurricane Maria to better understand their rights and responsibilities under ERISA with respect […]

FAQs for Participants and Beneficiaries following various recent Disasters

The DOL issues a set of Frequently Asked Questions for participants and beneficiaries following hurricanes Harvey, Irma and the California wildfires. Document Excerpt Link https://www.dol.gov/sites/default/files/ebsa/about-ebsa/our-activities/resource-center/faqs/hurricanes-harvey-irma-and-the-california-wildfires.pdf

Advance Copies of Form 5500

Agencies release advance copies of the 2017 Form 5500. Document Excerpt WASHINGTON, DC – The U.S. Department of Labor’s Employee Benefits Security Administration, the IRS, and the Pension Benefit Guaranty Corporation (PBGC) today released advance informational copies of the 2017 Form 5500 annual return/report and related instructions. The “Changes to Note” section of the 2017 […]

Executive Order On Health Care

President Trump signs an Executive Order authorizing insurance companies to sell health insurance policies across state lines. The order would require the DOL to issue guidance making it easier to maintain association plans. The order also encourages short-term plans and HRAs. Document Excerpt Link https://www.whitehouse.gov/the-press-office/2017/10/12/presidential-executive-order-promoting-healthcare-choice-and-competition

Proposed Rule to Delay Disability Claims Regulatory Amendments

The DOL has proposed a rule that would delay implementation of the changes to the claims regulations governing disability claims. Document Excerpt The Department of Labor proposes to delay for ninety (90) days – through April 1, 2018 – the applicability of the Final Rule amending the claims procedure requirements applicable to ERISA-covered employee benefit […]

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