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Employee Benefits

Reporting and disclosure guide for employee benefit plans…part 2

Reporting and disclosure guide for employee benefit plans…part 2

By on Jan 25, 2016 in Blog, Compliance, Employee Benefits | 0 comments

The Reporting and Disclosure Guide for Employee Benefit Plans [http://www.dol.gov/ebsa/pdf/rdguide.pdf] provided by the Department of Labor’s Employee Benefits Security Administration is an excellent tool for both employers and employees when it comes to understanding reporting rules under the Employee Retirement Income Security Act of 1974 [ERISA]. The guide contains three chapters which provide guidelines for the following topics: Basic Disclosure Requirements for Pension and Welfare Benefit Plans Additional Disclosure Requirements for Welfare Benefit Plans That Are Group Health Plans Additional Disclosure Requirements for Pension Plans Pension Insurance Premiums – single employer and multiemployer defined benefit plans Standard Terminations and Distress Terminations Overview of Form 5500 and Form M-1 Annual Reporting Requirements The starting point of basic disclosure requirements for pension and welfare benefit plans is the Summary Plan Description [SPD]. This document informs participants about their plan and how it operates, which includes all benefits, rights, and obligations under the plan. All participants or beneficiaries receiving benefits of the plan must receive this document and it must be disclosed to participants within 90 days of becoming covered by the plan or within 90 days after first receiving benefits for plan beneficiaries. For the complete list of disclosure requirements and all other information regarding retirement, health, and other workplace related benefits, visit the Department of Labor Employee Benefits Security Administration website at http://www.dol.gov/ebsa/. Watch for new postings on workforce strategy here on our blog, as well as Facebook, LinkedIn,...

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Reporting and disclosure guide for employee benefit plans

Reporting and disclosure guide for employee benefit plans

By on Jan 19, 2016 in Blog, Compliance, Employee Benefits | 0 comments

With the beginning of a new year, employers that offer employee benefit plans have many reporting and disclosure requirement deadlines that will be approaching before you know it. Employers often focus on reporting information on the retirement plans [pension, 401k, 403b, etc.] that they offer, but are often unaware that the same reporting and disclosure requirements may also apply to the welfare benefit plans [medical, dental, life, disability, etc.] they offer too. For more assistance on reporting requirements for your employee benefit plans, refer to the Reporting and Disclosure Guide for Employee Benefit Plans provided on the Department of Labor’s website [http://www.dol.gov/ebsa/pdf/rdguide.pdf]. Watch for new postings on workforce strategy here on our blog, as well as Facebook, LinkedIn,...

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Blog posting archive

Blog posting archive

By on May 22, 2015 in Blog, Compensation Consulting, Compliance, Employee Benefits, Functional Area Leader, HR Project Management, Organizational Design, Talent Acquisition, Training and Development | 0 comments

If you are looking for previous blog postings about our HR work in… Compensation consulting Employee benefits Organizational design Training and development Talent acquisition Compliance Function area leadership HR project management …and more, you can find them on our social media pages at… Facebook Linkedin Twitter Watch for new postings on workforce strategy from Organizational Architecture here on our blog, as well as Facebook, LinkedIn, and...

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