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ERISA

Nov 07, 2018

It’s Not Too Late to Amend Your Plans to Comply with the DOL’s New Disability Claims Procedures

In December 2016, the U.S. Department of Labor (DOL) announced new disability claims procedure regulations, effective April 1, 2018, for ERISA-covered plans. The new rules apply to all ERISA benefit plans that base any benefit decisions on the plan administrator’s determination of whether a person is “disabled.”

The rule applies to more than just disability plans

The new procedures also apply to retirement plans and non-qualified deferred compensation plans that provide disability benefits, but only if the plan’s definition of disability requires the plan administrator to make an independent determination that the participant is disabled. » Read More

Oct 21, 2018

Trump Administration Will Study “Association” Retirement Plans for Small Businesses

Small employers should have an easier time banding together to create less expensive retirement plans for their workers, with potentially simplified required notices and disclosures to plan participants under an Executive Order recently signed by President Trump that addresses certain issues relating to private-sector retirement plans. » Read More

Oct 01, 2018

Welcome to the Norris McLaughlin Employee Benefits Informer!

Through periodic postings and commentary, our firm’s Executive Compensation and Employee Benefits practice group will provide its subscribers with informal guidance and discussion concerning timely employee benefits topics that impact today’s employers, executives and their professional advisors. From group health insurance plan issues to equity-based compensation topics, from retirement plan compliance items to income tax recognition matters, our attorneys will share their knowledge, insight, and years of experience in employee benefits and compensation matters through commentary and practical application of provisions of the Internal Revenue Code, ERISA and various federal and state guidance, notices and pronouncements. » Read More

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