Church Plans. AUMCPBO Meeting. October 27, Caring For Those Who Serve
|
|
|
- David Cross
- 5 years ago
- Views:
Transcription
1 Church Plans AUMCPBO Meeting October 27, 2010 Caring For Those Who Serve
2 Agenda What is a Church Plan? What is ERISA? Church Plan Exemptions from ERISA Advantages and Challenges Augsburg Fortress Case
3 What Is a Church Plan? Church plans are defined in ERISA 3(33) and in 414(e) of the Internal Revenue Code ( Code ) A church plan is a plan established and maintained by a church or by a convention or association of churches that is exempt from tax under Code 501 UMC plans are church plans
4 What Is ERISA? Employee Retirement Income Security Act of 1974 Federal law protects certain employee benefits Covers retirement plans: ERISA 3(2) Covers welfare plans: ERISA 3(1)
5 Church Plans Are Exempt ERISA Section 4(b)(2) exempts church plans from: Title I: Protection of Employee Benefits Rights Title IV: Plan Termination Insurance Department of Labor (DOL) regulations
6 Why Are Churches Exempt? Church Alliance (for the clarification of ERISA) First Amendment: entanglement Denominational backing of plans Operational and administrative needs Excessive burdens on small churches
7 Church Plan Can Elect ERISA A church plan can elect to become subject to ERISA under Code 410(d) Election is irrevocable Cannot be made accidentally Even if a church plan acts like it is subject to ERISA, it is not subject to ERISA unless it makes an election under 410(d) election Uncertainty about plan-by-plan choice
8 Advantages In a Nutshell Exemption from ERISA allows: Clergy-only plans Greater flexibility in coverage and design Greater flexibility in funding (Pre-82) Freedom for annual conferences and local churches from many duties, deadlines and penalties related to unknown employees Easier Socially Responsible Investing
9 Title I: ERISA Exemptions Limitations on Plan Provisions Minimum coverage rules Minimum vesting rules Anti-cutback rules DOL claim and appeal procedures Minimum funding rules Problem for Pre-82 Plan
10 Title I: ERISA Exemptions Administrative Requirements Notices and disclosures Summary Plan Descriptions (SPD) Summary of Material Modification (SMM) Summary Annual Report (SAR) Reporting (Form 5500 to DOL) Fee disclosure for account-based plans
11 Title I: ERISA Exemptions Conference/Employer Requirements Timely deposit of employee and employer contributions (or penalties) Timely notices to all new employees Conferences would have to know about all local church lay employees
12 Title I: ERISA Exemptions Fiduciary Duties Prudent Expert rule Might hinder Socially Responsible Investing No prohibited transactions Timely remittance of all contributions
13 Title IV: ERISA Exemptions Pension Benefit Guarantee Corporation (PBGC) Premiums ($35 per participant) Approximately $2 million per year from Plan PBGC notice to participants PBGC reporting by and full audit of underfunded plans
14 Other Exemptions Welfare Plans COBRA (health plans) Strict claims and appeals procedures Securities Laws Costly reporting and disclosure
15 Benefits of ERISA PBGC protection Participants Notices and disclosures Plans Pre-emption of state laws Participant claims limited in remedies (no punitive damages) Federal enforcement of rights Nondiscrimination in coverage
16 Church Challenges with ERISA Clergy-Only Plans Denominations have little say over lay benefits Cost of coverage of lay employees No Centralized Payroll Nondiscrimination testing very difficult Notice Requirements (i.e., for unknown employees)
17 Church Challenges with ERISA Timeliness of contributions (no later than 15 days after the end of the month) Timeliness of participant enrollment by local churches Limitations on Socially Responsible Investing
18 Augsburg Fortress Case Augsburg Fortress: ELCA Publishing House Underfunded Defined Benefit Plan Sought help from the ELCA church body No relief from denomination
19 Augsburg Fortress Case Terminated plan Approximately 35 per $1 No PBGC insurance
20 Augsburg Fortress Case Participants sued Augsburg Fortress and ELCA in federal court Claim 1: Should not have been a church plan Claim 2: Breach of contract (and other state law claims)
21
Questions and Answers about Eligibility
Questions and Answers about Eligibility For Employers Considering the Retirement Savings Plan of the Presbyterian Church (U.S.A.) The Board of Pensions does not provide legal or tax advice to individual
National Benefit Services. 3(16) Fiduciary Services
National Benefit Services 3(16) Fiduciary Services fiduciary 1) n. from the Latin fiducia, meaning trust, a person who has the power and obligation to act for another under circumstances which require
5/6/2016 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
ERISA 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
ERISA 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
PrimePay 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
2013 COMPLIANCE CALENDAR FOR CALENDAR-YEAR RETIREMENT, HEALTH AND WELFARE BENEFIT PLANS ANDREA I. O BRIEN, ESQ. VI D. NGUYEN, ESQ.
2013 COMPLIANCE CALENDAR FOR CALENDAR-YEAR RETIREMENT, HEALTH AND WELFARE BENEFIT PLANS ANDREA I. O BRIEN, ESQ. VI D. NGUYEN, ESQ. ISLER DARE, P.C. (703) 748-2690 WWW.ISLERDARE.COM JANUARY 2013 By January
The Caesars Palace, Las Vegas November 2 nd 6 th, 2013
The Caesars Palace, Las Vegas November 2 nd 6 th, 2013 www.employerhealthcarecongress.com The use, disclosure, reproduction, modification, transfer, or transmittal of this presentation with out the written
Know and Control Your Risk with Retirement Plans PHILLIP LONG, VP EMPLOYEE BENEFIT LEGAL SERVICES BB&T RETIREMENT AND INSTITUTIONAL SERVICES
Know and Control Your Risk with Retirement Plans PHILLIP LONG, VP EMPLOYEE BENEFIT LEGAL SERVICES BB&T RETIREMENT AND INSTITUTIONAL SERVICES 1 Today s Agenda Understand where ERISA applies to retirement
Checklist for Employee Benefit Plan Sponsors
Checklist for Employee Benefit Plan Sponsors 999 Third Avenue, Suite 2800 Seattle WA, 98104 (206) 302-6800 The material appearing in this presentation is for informational purposes only and should not
Compliance 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
Compliance Requirements for Health and Welfare Benefits
Compliance Requirements for Health and Welfare Benefits Presented by: Mary Bauman We re proud to offer a full-circle solution to your HR needs. BASIC offers collaboration, flexibility, stability, security,
ERISA 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
ERISA FIDUCIARY BASICS AND BEST PRACTICES
Presents ERISA FIDUCIARY BASICS AND BEST PRACTICES November 5, 2015 Misty A. Leon mleon@wifilawgroup.com COMPLIANCE 101 General Roles and Responsibilities Who's Involved? Plan Administrator Responsibilities
ü 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
Important Approaching Deadlines Please make note of these important approaching deadlines for calendar year plans:
Important Approaching Deadlines Please make note of these important approaching deadlines for calendar year plans: June 30, 2016: 6 months after plan year-end: Deadline for completion of corrective distributions
Employee 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.
EMPLOYER. Helping you fulfill your fiduciary duties. MassMutual s Regulatory Advisory Services 2019 Calendar for non-calendar year DC and DB plans
EMPLOYER Helping you fulfill your fiduciary duties MassMutual s Regulatory Advisory Services 2019 Calendar for non-calendar year DC and DB plans TABLE OF CONTENTS Defined Contribution Plans... 2 January
July 28, days after plan year-end: Deadline for distributing the Summary of Material Modification (SMM) if the plan was amended in 2015.
Important Approaching Deadlines April 30, 2016 Same date for all plan years: Deadline to execute (i.e., sign and date) all documents that have been restated for the Pension Protection Act. June 30, 2016
Retirement 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
The Secure Annuities for Employee (SAFE) Retirement Act of 2013
The Secure Annuities for Employee (SAFE) Retirement Act of 2013 TITLE I - PUBLIC PENSION REFORM A SAFE Retirement Plan for State and Local Governments. State and local governments may adopt a SAFE Retirement
Employee 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.
plan sponsor checklist for ERISA 403(b) plans
plan sponsor checklist for ERISA 403(b) plans Keeping Your ERISA 403(b) Plan and Its Operation Compliant This correspondence contains: ERISA 403(b) Plans Annual Requirements At-a-Glance Plan Sponsor Checklist
Helping 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
ERISA Fiduciary Obligations: How to Protect Yourself, Your Boss and the Company
June 26-29, 2011 Las Vegas, Nevada Sheldon J. Blumling June 27, 2011 SHRM 2011 Annual Conference & Exposition Introduction Fiduciary > An individual in whom another has placed the utmost t trust t and
This Employer Webinar Series program is presented by Spencer Fane Britt & Browne LLP in conjunction with United Benefit Advisors
This Employer Webinar Series program is presented by Spencer Fane Britt & Browne LLP in conjunction with United Benefit Advisors This Employer Webinar Series program is presented by Spencer Fane Britt
SO YOU RE A RETIREMENT PLAN FIDUCIARY NOW WHAT? GE (2/17) (Exp. 2/19)
SO YOU RE A RETIREMENT PLAN FIDUCIARY NOW WHAT? GE-123340 (2/17) (Exp. 2/19) AGENDA The Framework Defining the Fiduciary The Big 5 - Basic Fiduciary Duties Plan Governance Limiting Liability When Mistakes
ERISA 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
Compliance calendar. For September 30 year-end plans
September For September 30 year-end plans Effective management of your fiduciary and compliance responsibilities requires you to be informed of regulatory deadlines important for your plan. Throughout
Compliance calendar. For December 31 year-end plans
December For December 31 year-end plans Effective management of your fiduciary and compliance responsibilities requires you to be informed of regulatory deadlines important for your plan. Throughout the
ERISA 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
Are 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
ERISA Litigation. ERISA Statute Fundamentals. What is ERISA, and where is the ERISA statute located? What is an ERISA plan?
ERISA Litigation Our expert attorneys have substantial experience representing third-party administrators, insurers, plans, plan sponsors, and employers in an array of ERISA litigation and benefits-related
Compliance Checklist 2005 For Defined Benefit Plans, Defined Contribution Plans, and 403(b) Plans that are subject to ERISA.
PRUDENTIAL RETIREMENT. INTELLIGENT SOLUTIONS, WORKING FOR YOU. Compliance Checklist 2005 For Defined Benefit Plans, Defined Contribution Plans, and 403(b) Plans that are subject to ERISA. Compliance Checklist
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
TRISTAR PENSION CONSULTING
TRISTAR PENSION CONSULTING 2/1/2006 Responsibilities of a Plan Sponsor Introduction Allocation of Duties Employee Notifications Plan Summaries Beneficiary Forms Deferral Elections Plan Contributions Safe
Employee benefit plan large filers: Meeting your compliance and fiduciary requirements. April 20, 2016
Employee benefit plan large filers: Meeting your compliance and fiduciary requirements April 20, 2016 1 Your presenters Rose Ann Abraham, CPA Partner Baker Tilly 312 729 8086 roseann.abraham@bakertilly.com
Chapter 13 Government Reporting
Government Reporting TRS Required Form and Document Preparation Responsibilities Following is a summary of Transamerica Retirement Solutions governmentrequired form and document preparation services. TRS
ERISA & 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)
Wrap 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
Reporting 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
Retirement Plan Update
Retirement Plan Update What is a Legitimate Expense for a Plan to Pay? The Department of Labor (DOL) has rules as to what types of expenses a plan sponsor can pay from a retirement plan. This Retirement
ADMINISTRATIVE DUTIES FOR SERVICE PROVIDERS
**Please review the assignment of responsibility for the administration of the plan and indicate any changes. 1. IDENTITY OF RESPONSIBLE PARTIES 1. Identity of People in Each Header Category 2. Point person
Chapter 16. Employment Retirement Income Security Act. Introduction. Background 1/12/2009. Employment Law for Business, 6 th ed.
Employment Law for Business, 6 th ed. Bennett-Alexander Chapter 16 Employment Retirement Income Security Act Copyright 2007 by The McGraw-Hill Companies, Inc. All rights reserved. Introduction The retirement
SUMMARY COMPARISON OF CURRENT LAW AND THE PRINCIPAL PROVISIONS OF THE PENSION PROTECTION ACT OF 2006: 1 MULTIEMPLOYER PENSION FUNDING REFORMS
August 17, 2006 SUMMARY COMPARISON OF CURRENT LAW AND THE PRINCIPAL PROVISIONS OF THE PENSION PROTECTION ACT OF 2006: 1 MULTIEMPLOYER PENSION FUNDING REFORMS Contents Page Minimum Required Contributions
Defined Contribution Plan Issues In Pension Reform Legislation
Defined Contribution Plan Issues In Pension Reform Legislation The pending pension reform legislation contains critical reforms of the rules relating to defined benefit plan funding, hybrid plans, and
Affordable 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
ERISA 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
Pension Protection Act of 2006: What to do in 2007
DECEMBER 1, 2006 VOLUME 2, NUMBER 12 Pension Protection Act of 2006: What to do in 2007 This newsletter looks to 2007 and highlights effective by (913) 685-0749 PPA changes some of which are already effective,
Meeting Your Fiduciary Responsibilities
Meeting Your Fiduciary Responsibilities 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) This material
Solution Tool. ERISA Gap Assessment
Solution Tool ERISA Gap Assessment Introduction The Employee Retirement Income Security Act of 1974 (ERISA) is federal law that sets minimum standards for employer-sponsored group health plans. ERISA
Protecting Yourself from ERISA Fiduciary Liability
Protecting Yourself from ERISA Fiduciary Liability Tax Executives Institute Cincinnati-Columbus Chapter February 9-10, 2015 Jodi H. Epstein (202) 662-3468 JEpstein@ipbtax.com Benjamin L. Grosz (202) 662-3422
2014 COMPLIANCE CALENDAR FOR CALENDAR-YEAR RETIREMENT, HEALTH AND WELFARE BENEFIT PLANS
2014 COMPLIANCE CALENDAR FOR CALENDAR-YEAR RETIREMENT, HEALTH AND WELFARE BENEFIT PLANS ANDREA I. O BRIEN, ESQ. VI D. NGUYEN, ESQ. GLENN D. GUNNELS, ESQ. ISLER DARE, P.C. (703) 748-2690 WWW.ISLERDARE.COM
PrimePay 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
KEY TO erisa UPDATE INDEX NUMBERS
KEY TO erisa UPDATE INDEX NUMBERS All summaries in erisa Update are identified by an index number. The part of the index number (the prefix ) is a number from 1 through 12, followed by a decimal point
Health 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
Reporting 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)
Disclaimer 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
THE PENTEGRA MULTIPLE EMPLOYER PLAN ADVANTAGE. Retirement plan solutions that save time, money, and reduce burdens
THE PENTEGRA MULTIPLE EMPLOYER PLAN ADVANTAGE Retirement plan solutions that save time, money, and reduce burdens What is a MEP? A Multiple Employer Plan ( MEP ) is a special type of 401(k) retirement
LEGISLATIVE UPDATE, REGULATORY UPDATE, AND
The Ledger Second Quarter 2014 Summary of Legislative, Judicial, and Regulatory Retirement News Issued by Lockton Retirement Services INSIDE THIS ISSUE LEG I SLATI V E U P D AT E LEGISLATIVE UPDATE, REGULATORY
Fiduciary Compliance Checklist Essential Points
Fiduciary Compliance Checklist Essential Points Who are the fiduciaries named under the plan? Defining the Fiduciary Structure Who are the fiduciaries not named under the plan but are performing duties
EMPLOYEE BENEFIT PLANS FOR NFPs. Bertha Minnihan, Partner, Moss Adams LLP Brad Wall, Partner, Moss Adams LLP
EMPLOYEE BENEFIT PLANS FOR NFPs Bertha Minnihan, Partner, Moss Adams LLP Brad Wall, Partner, Moss Adams LLP 1 BERTHA MINNIHAN Bertha has nearly 20 years of experience in public accounting and serves as
OCTOBER Legal/Regulatory Update HealthFlex Summit
OCTOBER 2017 Legal/Regulatory Update HealthFlex Summit Agenda Update on Changes to Affordable Care Act (ACA) Bipartisan Legislative Possibilities Regulatory Possibilities Church Alliance Efforts Wespath
HEALTH and WELFARE PLAN CHECK-UP
HEALTH and WELFARE PLAN CHECK-UP Sarah L. Bhagwandin June 25, 2009 CAPLAW Seminar A Legislative Update American Recovery and Reinvestment Act of 2009 COBRA HIPAA Michelle s Law Cafeteria Plan Proposed
What to Expect from an Employee Benefits Security Administration (EBSA) Investigation. Voluntary Fiduciary Correction Program.
What to Expect from an Employee Benefits Security Administration (EBSA) Investigation Voluntary Fiduciary Correction Program May 15, 2014 Miguel Paredes, Supervisory Investigator Thuy Pham, Benefits Advisor
Federal Agencies Provide Guidance Affecting Multiemployer Defined Benefit Pension Plans
Important Information Plan Administration and Operation June 2008 Federal Agencies Provide Guidance Affecting Multiemployer Defined Benefit Pension Plans WHO'S AFFECTED These developments affect sponsors
HEALTH 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
Top Ten Things You Should Know About Employee Benefits
Top Ten Things You Should Know About Employee Benefits AIDS Legal Referral Panel April 19, 2018 MCLE Training Kirsten Scott Renaker Hasselman Scott, LLP 235 Montgomery Street, Suite 944 San Francisco,
Best Practices for Retirement Plan Fiduciaries
Best Practices for Retirement Plan Fiduciaries Presented by: Christina Anstett Director, Advanced Markets, 401(k) AXA Equitable IU-84238 (4/13) AXA Equitable Life Insurance Company (NY, NY) Contact Information
IRS/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
SUMMARY OF MATERIAL MODIFICATIONS FOR THE AMERICAN AIRLINES, INC. HEALTH AND WELFARE PLAN FOR ACTIVE EMPLOYEES EIN/PN: /501
SUMMARY OF MATERIAL MODIFICATIONS FOR THE AMERICAN AIRLINES, INC. HEALTH AND WELFARE PLAN FOR ACTIVE EMPLOYEES EIN/PN: 13-1502798/501 CERTAIN CHANGES EFFECTIVE OCTOBER 1, 2018; OTHER CHANGES EFFECTIVE
Today 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: Jeff Smith Phone: (440) 838-8800 Email: jdsmith@ Please remember, employment law compliance depends on multiple
ERISA 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
ERISA 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
Quality. Clarity. Control. A Better Road to Managing Compliance
Quality. Clarity. Control. A Better Road to Managing Compliance Reducing Your Compliance Risk Our services at a glance Keeping track of compliance obligations under ERISA, COBRA, HIPAA, and the Affordable
401(k) PLANS. for Small Businesses
401(k) PLANS for Small Businesses 401(k) Plans for Small Businesses is a joint project of the U.S. Department of Labor's Employee Benefits Security Administration (EBSA) and the Internal Revenue Service.
PROTECTING 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.,
2019 Planning for ERISA Single-Employer Defined Contribution Plan Operations
US 2019 Planning for ERISA Single-Employer Defined Contribution Plan Operations Volume 41 Issue 84 October 26, 2018 The calendar provided in this FYI In-Depth will help you set up your own schedule of
Properly 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
AUTOMATIC ENROLLMENT 401(k) PLANS. for Small Businesses
AUTOMATIC ENROLLMENT 401(k) PLANS for Small Businesses Automatic Enrollment 401(k) Plans for Small Businesses is a joint project of the U.S. Department of Labor s Employee Benefits Security Administration
EB Fundamentals for Tax Executives
EB Fundamentals for Tax Executives Benjamin L. Grosz Robin M. Solomon Washington, DC (202) 393-7600 Tax Executives Institute Los Angeles Chapter Steven H. Witmer Los Angeles, CA (310) 551-6633 Introduction
Qualified Plan News. QPN Highlights Action Required: This Qualified Plan News (QPN) is for information only; no action is required at this time.
Qualified Plan News Compliance made easy through the Qualified Plan Consulting Team of Voya Financial CORPORATE MARKETS No. 2016-6 Date: December 29, 2016 Qualified Plan News 2017 Annual Plan s Voya Qualified
TRACE 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
Emerging Benefit Issues and Devilish Details. Healthcare Reform Implementation. What s In a Name?
2016 Waller Lansden Dortch & Davis, LLP. All Rights Reserved. Emerging Benefit Issues and Devilish Details M. Sean Sullivan 615.850.8584 sean.sullivan@wallerlaw.com www.wallerlaw.com 4846-8327-2241 Healthcare
Fiduciary Guide. How to Help Meet Your Retirement Plan Fiduciary Responsibilities. ADP Retirement Services
ADP Retirement Services Fiduciary Guide How to Help Meet Your Retirement Plan Fiduciary Responsibilities FOR PLAN SPONSOR/FINANCIAL ADVISOR USE ONLY NOT FOR DISTRIBUTION TO THE PUBLIC. Who Are Plan Fiduciaries?
Stop...File Time! The Preparation & Filing of the Form Presented by:
Stop...File Time! The Preparation & Filing of the Form 5500 Presented by: Christine Eldridge, Director, Plan Consulting Victoria Langdon, Director, Plan Consulting Save the Date Upcoming C linics August
2016 Planning for ERISA Single-Employer Defined Contribution Plan Operations
2016 Planning for ERISA Single-Employer Defined Contribution Plan Operations Volume 38 Issue 146 November 10, 2015 The calendar provided in this FYI In-Depth will help you set up your own schedule of activities
ERISA 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
Reporting and Disclosure Guide for Employee Benefit Plans. U.S. Department of Labor Employee Benefits Security Administration
Reporting and Disclosure Guide for Employee Benefit Plans U.S. Department of Labor Employee Benefits Security Administration This publication is available on the Internet at: www.dol.gov/ebsa For a complete
New law impacts multiemployer defined benefit plans
Important information Plan administration and operation New law impacts multiemployer defined benefit plans Who s affected These developments affect sponsors of and participants in qualified multiemployer
Dealing with ERISA Fiduciary Responsibility & Liability
Qualified and Non Qualified Retirement Plans Pitfalls for the Practitioner Representing the Small Business Owner Dealing with ERISA Fiduciary Responsibility & Liability Irwin N. Rubin, Esq. 19 th Annual
Advanced 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
Welfare 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
Aon Hewitt Compliance Calendar - Significant Compensation and Benefit Due Dates for 2012
Aon Hewitt Compliance Calendar - Significant Compensation and Benefit Due Dates for 2012 January 2012 This Compliance Calendar assumes a plan administered on a calendar year basis by an employer with a
How to Survive a Welfare Plan Audit
How to Survive a Welfare Plan Audit Benefit Advisors Network Stacy H. Barrow sbarrow@marbarlaw.com March 16, 2016 2016 Marathas Barrow & Weatherhead LLP. All Rights Reserved. Are You Ready if The Government
Reporting and disclosure guide
Multiemployer retirement and welfare benefit plans U.S. edition January 2018 Contents All ERISA plans... 1 Plan documentation... 2 Summary plan description (SPD)... 2 Summary of material modification (SMM)...
RETIREMENT READINESS IN THE NEW YEAR
Founded in 1992 Administration of Over 22,000 Plans and 1.2 Million Plan Participants Over $64 Billion in Assets Under Management Plans in All 50 States PG 1 Retirement 2 Are 3 Reasonable 3 ABG 5 Did 6
Reporting and Disclosure Guide
Multiemployer Retirement and Welfare Benefit Plans U.S. Edition January 2018 Buck Consultants LLC Contents All ERISA plans... 1 Plan documentation... 2 Summary plan description (SPD)... 2 Summary of material
Compliance 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,
COMMON AND COSTLY EMPLOYEE BENEFITS & HR MISTAKES
COMMON AND COSTLY EMPLOYEE BENEFITS & HR MISTAKES Mistakes in employee benefits and human resources can be quite costly to employers in the form of extra benefits, complaints, lawsuits, government-assessed