Missed last month’s Benefits & Breakfast meeting on the latest developments in welfare plans in Chicago, Los Angeles and Philadelphia? We have you covered!
Listen to recordings for each meeting, where we covered the following topics:
- New Health Reimbursement Account (HRA) Regulations – Will a standalone HRA work for you?
- Recent Welfare Plan Litigation – Are you prepared to defend a lawsuit based on your current plan documentation and procedures?
- Privacy – Are changes to the HIPAA Privacy Rule in the future? Will new California privacy rules affect you?
- Health Plan Executive Order – What is coming for HSAs, FSAs, and health care price transparency initiatives?
Recordings: Chicago | Los Angeles | Philadelphia
The DOL’s newly released final regulation on “Association Retirement Plans” (ARPs) will make it easier for groups and associations of employers to jointly sponsor a combined 401(k) or other defined contribution plan. (These plans are also referred to as multiple employer plans or “MEPs.”) In recent years, there has been a push to permit service providers to create “Open MEPs,” which are plans of unrelated employers having no business connection, or what the DOL refers to as “commonality” (i.e., a relationship unrelated to employee benefits). The hope is that these plans will provide small businesses with a cost-efficient and minimally burdensome avenue for offering retirement savings opportunities to workers.
Continue reading “DOL’s Final Rule on Association Retirement Plans: What It Means for the Retirement Industry”