The Caesars Palace, Las Vegas November 2 nd 6 th, 2013
|
|
- Harvey Atkinson
- 6 years ago
- Views:
Transcription
1 The Caesars Palace, Las Vegas November 2 nd 6 th, The use, disclosure, reproduction, modification, transfer, or transmittal of this presentation with out the written permission of the Employer Healthcare & Benefits Congress is strictly prohibited Employer Healthcare & Benefits Congress
2 THE ERISA EFFECT ON VOLUNTARY BENEFITS Joel E. Horowitz McCarter & English, LLP October 26,
3 Topics What is ERISA? What Benefits Are Subject to ERISA? What Employers Are Subject to ERISA? Exemptions from ERISA coverage ERISA Requirements in General SPD and Disclosure Requirements Annual Reporting Form 5500 and Other How to Approach ERISA Coverage
4 ERISA Defined Employee Retirement Income Security Act (ERISA) Federal Law Enacted in 1974 Title l applies to health and welfare benefits and retirement plans 7 parts 5 parts apply to health and welfare benefits Part 1 Reporting and Disclosure Part 4- Fiduciary responsibility Part 5 Administration and Enforcement Part 6 COBRA and additional standards for group health plans Part 7 HIPPA, FMLA, Newborn and Mother Health Protection, Mental Health Parity Act, Women s Health and Cancer Rights Act (WHCRA)
5 What Does ERISA Do? ERISA regulates group-sponsored benefits Requires detailed disclosure to covered individuals Requires detailed reporting to the government Imposes strict fiduciary code of conduct on employers that sponsor ERISA Plans and those who administer them Imposes federal mechanism for enforcing rights and duties with respect to ERISA plans and preempts a large body of state laws
6 Enforcing ERISA DOL (Department of Labor) - Enforces ERISA Title l mainly through the Employee Benefits Security Administration - Failure to comply with ERISA requirements can be quite costly Through DOL enforcement actions Penalty assessments Employee lawsuits
7 Definition of Welfare Benefit Plan A Welfare Benefit Plan is: A plan, fund or program Established or maintained by an employer Established to provide welfare benefits to participants and beneficiaries
8 Benefits Subject to ERISA Health, dental and/or vision insurance Health flexible spending accounts Health reimbursement arrangements Accidental death and dismemberment insurance Group term life insurance Short-term and long term disability Severance insurance pay Wellness and employee assistance programs Voluntary benefits offered as pre-tax benefits under any 125 plan Other?
9 Employers Subject To ERISA Private-Sector Employers - Corporations - Partnerships - Sole Proprietorships - Tax-exempt Organizations Unless Exempt under 501(a) and directly tied to a Government Entity
10 Employers Exempt from ERISA Employer Exemptions Government Churches and certain related organizations Programs maintained solely to comply with state-law requirements for: Workers compensation Unemployment compensation Disability insurance Plans maintained outside the US for non-aliens Regulatory Exemptions - payroll practice - Voluntary employee pay-all
11 Safe Harbor Exemptions from ERISA Voluntary Plan Exemption Voluntary employee-pay-all Employees pay full cost of coverage Employer may not make any contribution toward coverage Insurer may not pay employer for being allowed into workplace Employer may not endorse program Involvement by employer beyond payroll deductions may take arrangement outside exemption Court Cases» Assisting employees with claim forms» Negotiating with insurers» Record keeping» Pre-tax deductions under 125 Plan
12 Safe Harbor Exemptions from ERISA Certain Payroll Practices Wages, overtime pay, shift premiums Holiday or weekend premiums Sick pay or income replacement benefits Vacation Jury duty
13 ERISA Requirements Plan document for each plan What is a separate plan? Compliance with terms of plan Compliance with fiduciary standards Fidelity bond must be purchased to cover every person who handles plan funds Summary Plan Description (SPD) must be furnished automatically to plan participants Summary of Material Modification (SMM) must be furnished automatically to plan participants when a plan is amended
14 ERISA Requirements Copies of certain plan documents must be furnished to Participants and beneficiaries on written request and be made available for inspection Form 5500 must be filed annually for each plan (subject to important exceptions, especially for small plans) Summary Annual Report (summarizing Form 5500 information) must be furnished automatically to plan Participants for a plan that files a Form 5500 (except totally unfunded welfare Plans)
15 Plan Document ERISA Requirements ERISA benefits must be provided under a plan document ERISA does not dictate contents ERISA Plan can exist without document Will be out of compliance with written document requirement Document Type No particular format Influenced by nature of plan benefits
16 Basic ERISA Rules Insured benefits may use a wrap document Insurers may not have all provisions required of a plan document Supplement contracts using wrap document Contains missing terms and wraps itself around insurance contract Identifies the plan administrator Identifies the fiduciary Plan Year and Plan Number Plan name
17 ERISA Requirements Bundling benefits in one or more ERISA plans Employers may choose to establish a single bundled Plan with all welfare benefits, including non-erisa fringes such as cafeteria plan and dependent care assistance plan Bundling ERISA and non-erisa benefits together does not make non- ERISA benefits subject to ERISA Bundling through wrap documents Standard way through use of wrap or umbrella document Wraps around set of documents to combine into one legal document
18 Summary Plan Description (SPD) Who must be provided an SPD? Must be furnished to participants covered under ERISA Not required to furnish to welfare plan beneficiaries in most cases No small Plan exception Must be furnished to COBRA qualified beneficiaries, parent or guardian under a QMSCO, and to spouse or dependent or deceased retiree who remains entitled to benefits
19 Summary Plan Description (SPD) When and how to furnish SPDs Should generally be furnished with 90 days after participant first becomes covered New plans within 120 days after plan becomes subject to ERISA Updated SPDs must be furnished to all covered participants every 5 years (every 10 years for a plan that had no changes) Must be furnished in a way reasonably calculated to ensure actual receipt of the material, using method likely to result in full distribution
20 Summary Plan Description (SPD) Updating the SPD (Summary of Plan Description) Any modification in the terms of the plan that is material and any change in information required in the SPD must be reported to Plan Participants ERISA allows plan administrators to report such changes through a Summary of Material Modification (SMM) SMM provided in same manner to same individuals as SPD Must be furnished within 210 days after the end of the plan year in which the modification changed However, an SMM relating to a material reduction in covered services or benefits under a group health Plan must be furnished no later than 60 days after the date of the adoption of the reduction
21 Disclosure under PPACA PPACA adds a new twist to the ERISA SPD requirements by requiring insurers of insured health plans and plan administrators of self-insured health plans to provide applicants and enrollees a summary of benefits and coverage before enrollment or re-enrollment Must be no longer than four pages and meet specific requirements for appearance Format requirements Language understandable by the average plan enrollee Uniform definitions, co-payments and other cost-sharing provisions, etc.
22 Disclosure Under PPACA Summaries must be provided within 24 months (2012 plan years) of the enactment date of PPACA Penalties $1,000 may apply for each willful failure to provide a summary Notice of any material modification (SMM) to the plan or coverage not reflected in the most recently provided summary must be furnished no later than 60 days before the date the modification becomes effective
23 PPACA Notices The Patient Protection and Affordable Care Act (PPACA) requires Annual Notices to eligible employees based upon Status of any new or renewed Group Health Plan on or after September 23, These notices must be provided to all eligible employees on or prior to the first day of the Group Health Plan effective date.
24 Other Disclosures To Participants And Beneficiaries Providing Copies of Documents on Written Request Upon written request by a participant or beneficiary, the ERISA Plan administrator must furnish: Copy of latest SPD and SMM Latest annual report Any terminated report Bargaining agreement Trust agreement Any other instrument under which the plan is established or operated
25 Other Disclosures To Participants And Beneficiaries Providing Copies of Documents on Written Request Upon written request by a participant or beneficiary, the ERISA Plan administrator must furnish: Documents within 30 days of request Penalties of $ per day may be assessed for each day after the deadline that a plan administrator does not respond May charge reasonable amount for furnishing documents
26 Annual Form 5500 Reporting Filing Form 5500 with DOL Unless exempted, plan administrator of an ERISA Plan must report specified information each Plan Year using Form 5500 Reporting obligation applies to each ERISA Plan an employer sponsors Penalties for 5500 Form Failure Plan administrator subject to penalties up to $1, for every day form 5500 is missing or incomplete and can be subject to possible criminal penalties for willful failure to file Penalties are cumulative Assessed separately for each missing or incomplete Form No statute of limitations DOL offers program for voluntary correction of From 5500 filings
27 Form 5500 Exemptions Small unfunded or insured plans completely exempt To be considered a small plan, it must have fewer than 100 covered participants at the beginning of the Plan Year Only participants actually covered under plan are counted Includes COBRA qualified beneficiaries and retirees covered in the plan, but does not include covered spouses and dependents
28 Role of Broker/Agent Who is responsible for ERISA compliance? Environment of increased emphasis on compliance and self-reporting Client expectations
29 Voluntary Benefits and ERISA Is the arrangement exempt? How to address employer concerns Is there value in having a voluntary benefits plan subject to ERISA? Permits employer involvement Tacit or explicit employer endorsement Integrates voluntary benefits into employer s overall benefits program
30 Voluntary Benefits and ERISA How to address reporting and disclosure Insurers already assist with ERISA compliance with SPDs, plan documents, administration and 5500 information Employers already comply with reporting and disclosure obligations
31 Voluntary Benefits and ERISA Is the ERISA issue always raised now? Who raises it? How do employers react to the ERISA issue? How can brokers and insurers satisfy employers with respect to ERISA coverage and obligations?
ERISA GUIDELINES. Who must abide by ERISA?
ERISA GUIDELINES The Employee Retirement Income Security Act (ERISA) of 1974 establishes minimum standards for retirement, health, and other welfare benefit plans, including life insurance, disability
More informationERISA Requirements for Employee Welfare Benefit Plans. Presented By: Judy Griffith Kegel Kelin Almy & Lord LLP
ERISA Requirements for Employee Welfare Benefit Plans Presented By: Judy Griffith Kegel Kelin Almy & Lord LLP Judy Griffith Introduction Employee Benefits and ERISA attorney at Kegel Kelin Almy & Lord
More informationERISA Compliance for Health and Welfare Plans. Presented by: Touchstone Consulting Group
ERISA Compliance for Health and Welfare Plans Presented by: Touchstone Consulting Group Introduction Today s Agenda Introduction to ERISA Covered Employers and Plans Plan Document Requirement Reporting
More informationCompliance for Health & Welfare Plans
Compliance for Health & Welfare Plans Presented by Lauren Johnson, APA, CFC McGregor & Associates, Inc. 997 Governors Lane, Suite 175 Lexington, KY 40513 (859) 233-4377 laurenj@mai-ky.com AGENDA Overview
More informationERISA FAQs. What Is ERISA? What Employers are Subject to ERISA? Why Should an Employer Comply With ERISA? Which Benefit Plans are ERISA Plans?
ERISA FAQs What Is ERISA? ERISA, the Employee Retirement Income Security Act of 1974, is a Federal law that deals with employee benefit plans. ERISA addresses both Qualified Retirement Plans (e.g., pension
More informationPrimePay Broker Webinar Series October 22, CE Approved for One (1) Hour Credit in CA #310252
PrimePay Broker Webinar Series October 22, 2014 CE Approved for One (1) Hour Credit in CA #310252 Requirements for Today s CE One (1) hour CE Credit is approved in CA #310252 You must be registered as
More informationToday s webinar will begin shortly. We are waiting for attendees to log on.
Today s webinar will begin shortly. We are waiting for attendees to log on. Presented by: Lorie Maring Phone: (404) 240-4225 Email: lmaring@ Please remember, employment and benefits law compliance depends
More informationAffordable Care Act Compliance. Affordable Care Act Documentation and Compliance DANGER AHEAD. Marc S. Wise, Esq.
DANGER AHEAD Affordable Care Act Documentation and Compliance Marc S. Wise, Esq. Why Do We Care About Health and Welfare Plan Compliance? Increased audit activities. Civil and criminal penalties. Multiple
More informationERISA Compliance FAQs: Reporting and Disclosure Rules
Brought to you by The Noble Group ERISA Compliance FAQs: Reporting and Disclosure Rules The Employee Retirement Income Security Act of 1974 (ERISA) is a federal law that sets minimum standards for employee
More informationü Summary plan description (SPD) Employers must automatically provide an SPD to participants when they begin participating in the plan.
Provided by Apex Benefits ERISA Disclosures for Welfare Benefit Plans The Employee Retirement Income Security Act of 1974 (ERISA) is a federal law that sets minimum standards for welfare benefit plans
More informationBenefit Plan Compliance Checklist
Benefit Plan Compliance Checklist 0 Introduction The checklist in this document is intended for use by employers as a guideline to consider compliance regulations and how each regulation may apply to an
More informationPrimePay Continuing Education Series CE Approved for One (1) Hour Credit
PrimePay Continuing Education Series 2016 CE Approved for One (1) Hour Credit CE Instructions Requirements Today s CE Course has been approved for one (1) Continuing Education Credit (Life & Health) in
More informationERISA Compliance FAQs: Reporting and Disclosure Rules
Provided by Brown & Brown Benefit Advisors ERISA Compliance FAQs: Reporting and Disclosure Rules The Employee Retirement Income Security Act of 1974 (ERISA) is a federal law that sets minimum standards
More informationEXPLANATION OF ERISA Q/A-1 What is ERISA? Q/A-2 Which employers are governed by ERISA? Q/A-3 What employee benefit plans are governed by ERISA?
EXPLANATION OF ERISA Q/A-1 What is ERISA? The Employee Retirement Income Security Act of 1974 (ERISA) is a federal law that sets minimum standards for most voluntarily established pension and health plans
More informationAdvanced ERISA Compliance
Advanced ERISA Compliance BY LARRY GRUDZIEN ATTORNEY AT LAW : Apr. 17, 2018 Who Must Comply? Virtually all private-sector employers are subject to ERISA there is no size exemption ERISA 4(a) This includes
More informationThis Employer Webinar Series program is presented by Spencer Fane Britt & Browne LLP in conjunction with United Benefit Advisors
Thank You For Your Participation This Employer Webinar Series program is presented by Spencer Fane Britt & Browne LLP in conjunction with United Benefit Advisors www.spencerfane.com www.ubabenefits.com
More informationWrap Documents for Welfare Benefit Plans
Provided by Mosaic Employee Benefits Wrap Documents for Welfare Benefit Plans The Employee Retirement Income Security Act of 1974 (ERISA) is a federal law that sets minimum standards for employee benefit
More information5/6/2016 APRIL 28, 2016 DISCLAIMER
APRIL 28, 2016 DISCLAIMER The information in this presentation is provided by Minnesota Benefit Advisors as a general informational source and is not intended to constitute legal or tax advice in any particular
More informationWelfare Benefit Plan Compliance
AAHU Welfare Benefit Plan Compliance October 21, 2011 Presented by: Tiffany D. Downs tdowns@fordharrison.com Ford & Harrison, LLP Background Employee Retirement Income Security Act (ERISA) Internal Revenue
More informationReporting and Plan Documents under ERISA and Cafeteria Plan Rules
Reporting and Plan Documents under ERISA and Cafeteria Plan Rules The Employee Retirement Income Security Act (ERISA) was signed in 1974. The U.S. Department of Labor (DOL) is the agency responsible for
More informationPROTECTING YOUR CLIENT FROM ERISA S SIGNFICANT LIABILITIES WHILE SHORING UP YOUR CLIENT BASE AND EXPANDING YOUR BUSINESS
PROTECTING YOUR CLIENT FROM ERISA S SIGNFICANT LIABILITIES WHILE SHORING UP YOUR CLIENT BASE AND EXPANDING YOUR BUSINESS BERNARD V. KEARSE, III ERISA PROS, LLC 990 Hammond Drive, Suite 800, Atlanta, Ga.,
More informationERISA: Required Summary Plan Description
ERISA: Required Summary Plan Description Summary ERISA requires virtually every employee benefit plan to have a summary plan description (SPD) and to furnish copies to each individual entitled to receive
More informationEmployee Benefits Compliance Checklist for Large Employers
Brought to you by Ardent Solutions Employee Benefits Compliance Checklist for Large Employers Federal law imposes numerous requirements on the group health coverage that employers provide to their employees.
More informationHealth and Welfare Plan Compliance Checklist
Health and Welfare Plan Compliance Checklist ERISA Disclosure Requirements, including Plan document Summary plan description (SPD) Summary of material modifications or reductions (SMM or SMR) Summary of
More informationHealth SPD Compliance Checklist United Benefit Advisors, LLC. All rights reserved. Revised 3/20/15
Health SPD Compliance Checklist 0 Furnish to When to furnish How to distribute Citation Penalty Covered employees (but generally not spouses or dependents) COBRA qualified beneficiaries Child/parent-guardian
More informationEmployee Benefits Compliance Checklist for Large Employers
: Provided by [B_Officialname] Employee Benefits Compliance Checklist for Large Employers Federal law imposes numerous requirements on the group health coverage that employers provide to their employees.
More informationERISA & DOL Audits. BeneFLEX Services. Most Recently Added Services. July 2016 Affordable Care Act (ACA) Reporting
ERISA & DOL Audits BeneFLEX Services Flexible Spending Account (FSA) Health Savings Account (HSA) Health Reimbursement Arrangement (HRA) Premium Only Plan (POP) Transportation Management Account (TMA)
More informationEFFECTIVE DATE 01/01/2010
WILLAMETTE UNIVERSITY CONSOLIDATED WELFARE BENEFITS PLAN EFFECTIVE DATE 01/01/2010 This document, together with the attached documents listed on the final page, constitutes the written plan document required
More informationEverything a health subrogation professional needs to know about Form 5500
Everything a health subrogation professional needs to know about Form 5500 Presented by: Lisa S. H. Boero, Esq. Security Health Plan of Wisconsin, Inc., Chief Legal Officer Sara J. Skrzeczkoski, CSRP Security
More informationWelfare Benefit Plan Reporting & Disclosure Calendar
Reporting and Disclosure Requirements Introduced by the Patient Protection and Affordable Care Act (PPACA) TYPE OF DISCLOSURE Notice of Grandfathered Plan Status Must provide notice that plan is a grandfathered
More informationIs An Employers Voluntary Benefit Plan (e.g. AFLAC) Subject to ERISA?
Is An Employers Voluntary Benefit Plan (e.g. AFLAC) Subject to ERISA? December 14, 2010 CrawfordAdvisors, LLC Consulting, Brokerage & Administration 2 3 Patrick C. Haynes, Jr. Today s presenter As counsel
More informationCompliance Checklist
Note: This checklist is a brief listing of some of the compliance requirements that apply to health and welfare benefits under federal law. It is not intended to describe all compliance requirements or
More informationCompliance Checklist For Group Health Plans
Compliance Checklist For Group Health Plans Page 2 of 47 This Compliance Checklist outlines general federal group health plan requirements, including certain federal mandates, plan reporting requirements,
More informationERISA Compliance: Wrap Plans and Form 5500 Filing
ERISA Compliance: Wrap Plans and Form 5500 Filing 1 Catherine Fenton Employee Benefits Corporation ERISA Compliance Specialist Catherine.fenton@ebcflex.com Sue Sieger, ACFCI, CAS Employee Benefits Corporation
More information1, 2, 3 Ways Compliance Makes Brokers Indispensable. Dan Bond, Principal
1, 2, 3 Ways Compliance Makes Brokers Indispensable Dan Bond, Principal What We Will Cover How Can Broker/Advisers Become Indispensable? 1. Simplify Documentation 2. Simplify Health Care Reform 3. Simplify
More informationERISA Compliance: Wrap Plan Document and Form 5500 Filing Requirements
ERISA Compliance: Wrap Plan Document and Form 5500 Filing Requirements February 2019 1 Sue Sieger, ACFCI, CAS Employee Benefits Corporation Senior Compliance Consultant sue.sieger@ebcflex.com The material
More informationLooking for a Life Vest?
Looking for a Life Vest? November 20 th, 2014 @thomasharte Agenda: Looking for a Life Vest? Health Care Reform: What s new with ACA?? Provisions Already in Effect Preparing for Health Care Reform Primary
More informationSummary Plan Description. October 5, 2016
Summary Plan Description October 5, 2016 Agenda ERISA Requirements Plan Documents SPDs Summary of Benefits and Coverage Penalties Getting Your Plan Compliant 2 ERISA Requirements ERISA Employee Retirement
More informationSample Topic. Awesome Content. Awesome Content. Sample image. Supporting material. Supporting material
Sample Topic Awesome Content Supporting material Supporting material Awesome Content Sample image Copyright 2016 Not to be reproduced without express permission of Benefit Express Services, LLC 1 Puzzling
More informationSummary Plan Description. July 13, 2017
Summary Plan Description July 13, 2017 Agenda ERISA Requirements Plan Documents SPDs Summary of Benefits and Coverage Penalties Getting Your Plan Compliant 2 ERISA Requirements ERISA Employee Retirement
More informationAre You Prepared for a DOL Audit of Your Health & Welfare Plans? Disclosure
Are You Prepared for a DOL Audit of Your Health & Welfare Plans? March 5, 2013 John M. Peterson Shad C. Fagerland Kaufman & Canoles, P.C. Disclosure The following disclosure is required pursuant to IRS
More informationFederally Mandated Notices Guide for Group Health and Welfare Plans
Federally Mandated Notices Guide for Group Health and Welfare Plans This guide highlights basic group health and welfare plan reporting and disclosure responsibilities required under the Employee Retirement
More informationCompliance Requirements for Church Plans
Compliance Requirements for Church Plans A plan that is established and maintained for employees or their beneficiaries by a church or an organization that is controlled by or associated with a church
More informationRetirement Plans 101: An Introduction to Section 403(b)
Retirement Plans 101: An Introduction to Section 403(b) 2008 Giller & Calhoun LLC I. Overview Educational institutions have been offering annuity contracts to their faculty since the early 1900s. The practice
More informationA Minefield of Acronyms ERISA, COBRA, HIPAA, FMLA, oh my! General Employee Benefit Welfare Plan Compliance
A Minefield of Acronyms ERISA, COBRA, HIPAA, FMLA, oh my! General Employee Benefit Welfare Plan Compliance Road Map - What s new after tax reform? - What else is new/changing? - What hasn t changed? Changes
More informationThis UBA Employer Webinar Series is brought to you by United Benefit Advisors in conjunction with Jackson Lewis
This UBA Employer Webinar Series is brought to you by United Benefit Advisors in conjunction with Jackson Lewis For a copy of this presentation, please go to www.ubabenefits.com. Go to the Wisdom tab and
More informationProperly Distributing ERISA Health and Welfare Plan Materials
Compliance Alert! Properly Distributing ERISA Health and Welfare Plan Materials August 1, 2017 Quick Facts: Sponsors of plans subject to the Employee Retirement Income Security Act (ERISA) must disclose
More informationPlan Document and Summary Plan Description for the DC Engineering PC Section 125 Premium Only Plan
Plan Document and Summary Plan Description for the DC Engineering PC Section 125 Premium Only Plan EFFECTIVE DATE: 01/01/2017 Introduction DC Engineering PC (the Employer or Company ) is pleased to offer
More informationSummary Plan Description for Zimmer Biomet Health and Welfare Benefits Administration (For non-bargaining Team Members in the United States)
Summary Plan Description for Zimmer Biomet Health and Welfare Benefits Administration (For non-bargaining Team Members in the United States) November 2016 Table of Contents INTRODUCTION... 1 SPANISH LANGUAGE
More informationSection 125 Cafeteria Plans Overview
Provided by Sullivan Benefits Section 125 Cafeteria Plans Overview A Section 125 plan, or a cafeteria plan, allows employees to pay for certain benefits on a pre-tax basis. Specifically, employers use
More informationKELC 401(K) SAVINGS PLAN SUMMARY PLAN DESCRIPTION
KELC 401(K) SAVINGS PLAN SUMMARY PLAN DESCRIPTION TABLE OF CONTENTS INTRODUCTION TO YOUR PLAN What kind of Plan is this?... 1 What information does this Summary provide?... 1 ARTICLE I PARTICIPATION IN
More informationPractical guidance at Lexis Practice Advisor
Lexis Practice Advisor offers beginning-to-end practical guidance to support attorneys work in specific transactional practice areas. Grounded in the real-world experience of expert practitioner-authors,
More informationIRS/DOL Audit Focus Points
IRS/DOL Audit Focus Points Erin Turley Partner Employee Benefits McDermott Will & Emery Allison Wilkerson Partner Employee Benefits McDermott Will & Emery 2018 McDermott Will & Emery LLP. McDermott operates
More informationAmerican Building Supply, Inc. Employee Benefit Plan. Plan Document & Summary Plan Description Wrap Document
American Building Supply, Inc. Employee Benefit Plan Plan Document & Summary Plan Description Wrap Document This booklet contains a summary in English of your plan rights and benefits under American Building
More informationTRACE SYSTEMS INC. HEALTH AND WELFARE PLAN SUMMARY PLAN DESCRIPTION
TRACE SYSTEMS INC. HEALTH AND WELFARE PLAN SUMMARY PLAN DESCRIPTION Table of Contents I GENERAL INFORMATION ABOUT OUR PLAN... 2 1. General Plan Information...2 2. Employer Information...2 3. Plan Administrator
More informationCompliance Checklist For Group Health Plans. Revised April 2, 2012
Compliance Checklist For Group Health Plans Revised April 2, 2012 Page 2 of 33 This Compliance Checklist outlines general federal group health plan requirements, including certain federal mandates, plan
More information2014 Expanded Reporting and Disclosure Requirements Calendar
2014 Expanded Reporting and Disclosure Requirements Calendar Single-Employer Pension and Welfare Plans Under ERISA Table of Contents Reporting Requirements 2 IRS Form 1099-R (DB/DC) 2 PBGC Reporting for
More informationEMPLOYEE BENEFIT COMPLIANCE CHECKLIST
EMPLOYEE BENEFIT COMPLIANCE CHECKLIST Plan Administration Fiduciary Ensures participants receive promised benefits and rights are not violated. Carry out duties in a prudent manner, avoiding any conflicts
More informationMEWAs Multiple Employer Welfare Arrangements under the Employee Retirement Income Security Act (ERISA): A Guide to Federal and State Regulation
MEWAs Multiple Employer Welfare Arrangements under the Employee Retirement Income Security Act (ERISA): A Guide to Federal and State Regulation U.S. Department of Labor Employee Benefits Security Administration
More informationHIPAA Special Enrollment Rights
Provided by Brown & Brown of Louisiana, LLC HIPAA Special Enrollment Rights Group health plans often provide eligible employees with two regular opportunities to elect health coverage an initial enrollment
More informationHEALTH AND WELFARE BENEFITS QUICK REFERENCE COMPLIANCE CHECKLIST
Please note that the Compliance Checklist: Contains limited information and is not a comprehensive list of group health plan requirements; therefore, it should not be relied upon as an employer s sole
More informationDisclaimer WHAT TO EXPECT FROM AN EBSA INVESTIGATION OUTLINE OF PRESENTATION
WHAT TO EXPECT FROM AN EBSA INVESTIGATION United States Department of Labor Employee Benefits Security Administration Presented by Andy Cameron Senior Benefits Advisor, Seattle District Office Disclaimer
More informationHIPAA Special Enrollment Rights
Provided by Clarke & Company Benefits, LLC HIPAA Special Enrollment Rights Group health plans often provide eligible employees with two regular opportunities to elect health coverage an initial enrollment
More informationWrap-Around Summary Plan Description
Wrap-Around Summary Plan Description Special District Services, Inc. Health and Welfare Plan Summary Plan Description Amended and Restated Effective January 1, 2016 This document, together with the attached
More informationALLEGHENY COLLEGE. Summary Plan Description
ALLEGHENY COLLEGE Summary Plan Description For the Allegheny College Health & Welfare Employee Benefit Plan Amended and Restated Effective July 1, 2013 This document with the attached documents listed
More informationHealth Care Plans and COBRA
Health Care Plans and COBRA COBRA provides workers and their families who lose their health benefits the right to choose to continue group health benefits provided by their group health plan for limited
More informationHealth Care Reform Toolkit Large Employers
Health Care Reform Toolkit Large Employers Table of Contents Introduction... 3 Plan Design and Coverage Issues: 2014 and Beyond... 4 Employer Obligations... 11 Notice and Disclosure Requirements... 19
More informationMEWAs. Multiple Employer Welfare Arrangements under the Employee Retirement Income Security Act (ERISA): A Guide to Federal and State Regulation
MEWAs Multiple Employer Welfare Arrangements under the Employee Retirement Income Security Act (ERISA): A Guide to Federal and State Regulation U.S. Department of Labor Pension and Welfare Benefits Administration
More informationAnnual Compliance Deadlines for Health Plans
Provided by Clark & Associates of Nevada, Inc. Annual Compliance Deadlines for Health Plans Employers that provide group health plan coverage to their employees are subject to numerous compliance requirements
More informationFederal Requirements for Fully Insured and Self-Funded Plans
Federal Requirements for Fully Insured and A plan sponsor s requirements under federal law will vary depending on factors such as group health plan design, size, grandfathered status, and whether the plan
More informationWelfare Wrap Documents December 5, Aimee Nash, Sr. Writer/Analyst ftwilliam.com
Welfare Wrap Documents December 5, 2013 Aimee Nash, Sr. Writer/Analyst ftwilliam.com aimee.nash@wolterskluwer.com 800.596.0714 Agenda What is a wrap Why wrap ERISA Document requirements ftwilliam.com wrap
More informationTEAMHEALTH 401(K) PLAN SUMMARY PLAN DESCRIPTION
TEAMHEALTH 401(K) PLAN SUMMARY PLAN DESCRIPTION TABLE OF CONTENTS INTRODUCTION TO YOUR PLAN What kind of Plan is this?... 1 What information does this Summary provide?... 1 ARTICLE I PARTICIPATION IN THE
More informationHRxpress -- Federal HR Compliance including Posting and Notice Requirements
Law Background ER Size Posting and Notice Requirements Age Discrimination in Employment Act (ADEA) Protects people 40 and older from discrimination based on age. Also makes it illegal to retailiate against
More informationReporting and Disclosure Guide for Employee Benefit Plans
Reporting and Disclosure Guide for Employee Benefit Plans This publication is available on the Internet at: www.dol.gov/ebsa For a complete list of EBSA publications, call toll-free: 1-866-444-EBSA (3272)
More information4/13/16. Provided by: KRA Agency Partners, Inc. 99 Cherry Hill Road, Suite 200 Parsippany, NJ Tel:
4/13/16 Provided by: KRA Agency Partners, Inc 99 Cherry Hill Road, Suite 200 Parsippany, NJ 07054 Tel: 973-588-1800 Design 2015 Zywave, Inc. All rights reserved. Table of Contents Introduction...3 Plan
More informationLOW T CENTER. Revised 01/01/ All Rights Reserved 2
LOW T CENTER EMPLOYEE BENEFITS PLAN ERISA WRAP SPD Revised 01/01/2017 1997-2017 All Rights Reserved 2 LOW T CENTER EMPLOYEE BENEFITS PLAN & ERISA WRAP SUMMARY PLAN DESCRIPTION PLAN PURPOSE Low T Center
More informationmaterial modifications
summary of material modifications Important Benefits Information The SBC Umbrella Benefit Plan No. 1 This summary of material modifications (SMM) is an update to the SBC Umbrella Benefit Plan No. 1 (Plan)
More information1/5/16. Provided by: The Lank Group Winterthur Close Kennesaw, GA Tel: Design 2015 Zywave, Inc. All rights reserved.
1/5/16 Provided by: The Lank Group 2971 Winterthur Close Kennesaw, GA 30144 Tel: 770-683-6423 Design 2015 Zywave, Inc. All rights reserved. Table of Contents Introduction... 3 Plan Design and Coverage
More informationFederal Group Health Plan Mandates
Federal Group Health Plan Mandates Note: This document is best used via soft copy in order to link to the sample language and other resources. Federal group health plan mandates are federal laws that impact
More informationHelping you fulfill your fiduciary duties
A Fiduciary Planning Guide for Plan Sponsors Helping you fulfill your fiduciary duties MassMutual s Regulatory Advisory Services 2016 Calendar Contents Defined Contribution Plans 2 January March 4 April
More informationERISA for Tribes and Tribal Enterprises
ERISA for Tribes and Tribal Enterprises National Native American Human Resources Association Annual Conference Cherokee, North Carolina September 25, 2017 What is ERISA? A comprehensive body of federal
More informationQMCSO Procedures for Trace Systems Group Health Plans
QMCSO Procedures for Trace Systems Group Health Plans Article I. Introduction This document sets forth the procedures to be followed by Trace Systems group health plans upon receipt of "qualified medical
More informationWrap-Around Summary Plan Description
Wrap-Around Summary Plan Description Centervest (and its Subsidiaries) Insurance Plan Summary Plan Description Caution: This document, together with the certificate of insurance booklets issued by United
More information4/13/16. Provided by: Zywave W. Innovation Drive, Suite 300 Milwaukee, WI
4/13/16 Provided by: Zywave 10100 W. Innovation Drive, Suite 300 Milwaukee, WI 53226 Email: marketing@zywave.com Design 2015 Zywave, Inc. All rights reserved. Table of Contents Introduction... 3 Plan Design
More informationERISA and ACA Compliance NAVIGATING THE COMPLIANCE MINEFIELD
ERISA and ACA Compliance NAVIGATING THE COMPLIANCE MINEFIELD Presenter Dr. Carlyle Rogers, PsyD, JD President and CEO of Business & People Strategy Consulting Group, LLC Over 25 years of Human Resources,
More informationCompliance Checklist (100+ Participants)
Compliance Checklist (100+ Participants) 1. Are IRS Form 5500 s being filed for all welfare benefits that have over 100 participants or that pays benefits from a trust? 2. Is one consolidated 5500 being
More informationThis UBA Employer Webinar Series is brought to you by United Benefit Advisors in conjunction with Jackson Lewis
This UBA Employer Webinar Series is brought to you by United Benefit Advisors in conjunction with Jackson Lewis For a copy of this presentation, please go to www.ubabenefits.com. Go to the Wisdom tab and
More informationHEALTH & WELFARE PLAN LUNCH GROUP
HEALTH & WELFARE PLAN LUNCH GROUP May 4, 2006 ALSTON & BIRD LLP One Atlantic Center 1201 W. Peachtree Street Atlanta, GA 30309-3424 (404) 881-7885 E-mail: jhickman@alston.com 2006 All Rights Reserved HSAs,
More informationHealth Care Reform: What s In Store for Employer Health Plans?
Health Care Reform: What s In Store for Employer Health Plans? April 21, 2010 Presented by: Sue O. Conway sconway@wnj.com (616) 752-2153 Norbert F. Kugele nkugele@wnj.com (616) 752-2186 Copyright 2010
More informationLet s Wrap This Up! Understanding the Basics of Health & Welfare Plan Document Requirements
Let s Wrap This Up! Understanding the Basics of Health & Welfare Plan Document Requirements Presented by: Caroline E. Smith, Esq., VP Compliance, AssuredPartners, Inc. Jeweleen T. Hartzfeld, CHRS, SHRM-CP,
More informationCaliber Holdings Corporation Employee Benefits Plan
Caliber Holdings Corporation Employee Benefits Plan SUMMARY PLAN DESCRIPTION Effective April 1, 2016 Contents INTRODUCTION... 1 ELIGIBILITY... 3 Eligibility for Benefits... 3 Individuals not eligible for
More informationWhat Employers Need to Know About Account-Based Plans: Health FSAs, HSAs, HRAs, and QSEHRAs
What Employers Need to Know About Account-Based Plans: Health FSAs, HSAs, HRAs, and QSEHRAs Presented by: Lorie Maring Phone: (404) 240-4225 Email: lmaring@ AGENDA Provide an overview of account-based
More informationProposed Form 5500 Changes and Implications for H&W Plans
American Benefits Council Proposed Form 5500 Changes and Implications for H&W Plans October 6, 2016 Seth Perretta & Via Boppana Overview Background Highlights: Schedule J Small Plan Reporting Schedule
More informationERISA Wrap Plan Employer Application Completion Guide
ERISA Wrap Plan Employer Application Completion Guide Please have a copy of the Sterling ERISA Wrap Plan Employer Application available for reference. Company Name The information provided should be the
More informationERISA Welfare Benefit Plan Audit Procedure and Questions
ERISA Welfare Benefit Plan Audit Procedure and Questions I. Summary a. Conduct a review of all documents associated with the ERISA welfare benefit plans offer by your company. b. Identify all relevant
More informationELWOOD STAFFING SERVICES, INC. COLUMBUS IN
ELWOOD STAFFING SERVICES, INC. COLUMBUS IN Dental Benefit Summary Plan Description 7670-09-411299 Revised 01-01-2017 BENEFITS ADMINISTERED BY Table of Contents INTRODUCTION... 1 PLAN INFORMATION... 2 SCHEDULE
More informationDOCUMENT UPDATE. Presented By: Christine LeBlanc
DOCUMENT UPDATE Presented By: Christine LeBlanc Agenda 403(b) Documents Welfare Documents Defined Benefit/Cash Balance Documents Post PPA Defined Contribution Documents Up Coming Enhancements 403(b) Documents
More informationSummary of the Impact of Health Care Reform on Employers
Summary of the Impact of Health Care Reform on Employers How to Use this Summary This summary identifies the main provisions of the Patient Protection and Affordable Care Act (Act), as amended by the Health
More informationERISA: Title I, Part 7
ERISA: Title I, Part 7 U.S. Department of Labor Employee Benefits Security Administration Office of Health Plan Standards and Compliance Assistance Laws Contained in Part 7 of ERISA Health Insurance Portability
More informationSPRINGS WINDOW FASHIONS 401(K) RETIREMENT PLAN SUMMARY PLAN DESCRIPTION
SPRINGS WINDOW FASHIONS 401(K) RETIREMENT PLAN SUMMARY PLAN DESCRIPTION January 1, 2016 TABLE OF CONTENTS INTRODUCTION TO YOUR PLAN What kind of Plan is this?... 1 What information does this Summary provide?...
More information