New York ChapterEthical Considerations for Employee Benefits and Executive Compensation Attorneys
December 3, 2014
Chicago ChapterAnnual Benefits Legislative Update
December 3, 2014
Chicago / West Suburban ChapterAnnual Legislative Update with Seyfarth Shaw's Ben Conley & Diane Dygert!
December 4, 2014
WEB Chapters Help Benefits Professionals Face the ACA Challenge
WEB Chapters sponsor both educational and networking events, generally every month. These events offer WEB members and nonmembers the opportunity to stay up to date on the latest trends, issues and solutions for managing benefits. What you learn at these events from the subject matter experts, including government officials, plan sponsors, benefits managers, attorneys and consultants, will help you in your job and career.
Among the challenges facing benefits professionals this year is how the Affordable Care Act will change benefits design, management and participant communications. Monitor the Chapter Events menu for more information on these and other activities sponsored by your local Chapter.
Featured Benefits Resources
WEB members can access benefits resources submitted by legal experts and others. Recent postings include:
October 9, 2014 — The Departments of Health and Human Services (HHS), Labor (DOL) and Treasury have issued final regulations addressing when certain benefits, including employee assistance programs (EAPs), are considered excepted benefits. The regulations finalize proposed rules issued by the Departments in December 2013.
September 22, 2014 — IRS Issues Final Regulations under IRC Section 162(m)(6)
The Internal Revenue Service (IRS) issued final regulations under Section 162(m)(6) of the Internal Revenue Code (IRC), which address the $500,000 deduction limit on compensation provided by certain health insurance issuers.
September 10, 2014 — What's Market Executive Employment Agreements: A list of executive employment agreement summaries recently published by What's Market. What's Market provides a continuously updated database of executive employment agreements that allows you to search agreements using filters, such as the employer's industry, the executive's position and the agreement's governing law. What's Market also contains links to the underlying public documents.
August 20, 2014 — ERISA at 40: The Evolution Of Employee Benefits: This Article offers a brief overview of ERISA's history, highlighting key trends that have developed over the years. Practical Law also asked leading practitioners to share their views on the most significant developments in ERISA's history and give their thoughts on where the practice of employee benefits is headed.
May 15, 2014 — Safe Harbor 401(k) Plans May Adopt Mid-year Amendments to Comply with US v. Windsor Decision. The IRS issued Notice 2014-37, which provides that mid-year amendments to safe harbor 401(k) plans that are made to comply with the US Supreme Court's decision in United States v. Windsor will not cause the plan to fail the IRC Section 401(k) or (m) safe harbor requirements. Posted by Practical Law.
May 14, 2014 — Sixth Circuit Affirms $5 Million Award for TPA's Breach of ERISA Fiduciary Duties. In Hi-Lex Controls, Inc. v. Blue Cross Blue Shield of Michigan, the US Court of Appeals for the Sixth Circuit affirmed district court rulings that a third-party administrator (TPA) functioned as an ERISA fiduciary, that it breached its fiduciary duties under ERISA by failing to disclose fees to an employer, and that the employer's claims were not time-barred (Nos. 13-1773, 13-1859 2014 WL 1910554 (6th Cir. May 14, 2014)). Posted by Practical Law.
May 9, 2014 — IRS Guidance Provides Penalty Relief and Establishes Pilot Program for Late Filers of Form 5500. The IRS issued Notice 2014-35 and Revenue Procedure 2014-32, which provide penalty relief to late filers of certain retirement plans (IRS Notice 2014-35, 2014 WL 1869793; IRS Rev. Proc. 2014-32, 2014 WL 1869793). Specifically, Notice 2014-35 provides relief from late filing penalties for plans subject to Title I of ERISA that file a late Form 5500 series return, while Revenue Procedure 2014-32 establishes a one-year pilot program providing relief from late filing penalties for plans not subject to the reporting requirements of Title I. Posted by Practical Law.
May 7, 2014 — Agencies Release New COBRA Guidance for Individuals and Employers. The Affordable Care Act (ACA) made health insurance Exchanges available beginning Jan. 1, 2014, for individuals and small businesses to purchase health coverage. Recently, the Department of Labor (DOL) and Health and Human Services (HHS) released several pieces of guidance regarding COBRA, which clarify the impact of the ACA’s Exchanges. Posted by Chelko Consulting.
April 23, 2014 — HSA Limits Will Increase in 2015. On April 23, 2014, the Internal Revenue Service (IRS) issued Revenue Procedure 2014-30, which increases limits for health savings accounts (HSAs) effective for calendar year 2015. Posted by Chelko Consulting.