Category: Aisling University Employee Benefits Newsletters

Employment-Based Wellness Programs Require Careful Design

Employers that offer certain programs designed to improve employee health must be mindful that such programs are subject to a number of different laws–and as recent guidance makes clear, compliance with one law does not necessarily mean that a wellness program will comply with other federal (or state) requirements.   Wellness Programs and HIPAA Nondiscrimination […]

New Proposed Definition of "Fiduciary" for Retirement Plans

A new proposed rule would expand the number of persons who are subject to fiduciary standards when providing retirement investment advice. Among other responsibilities, fiduciaries are required by law to act impartially, provide advice that is in plan sponsors’ and plan participants’ best interests, and are not permitted to receive payments creating conflicts of interest […]

New Proposed Definition of “Fiduciary” for Retirement Plans

A new proposed rule would expand the number of persons who are subject to fiduciary standards when providing retirement investment advice. Among other responsibilities, fiduciaries are required by law to act impartially, provide advice that is in plan sponsors’ and plan participants’ best interests, and are not permitted to receive payments creating conflicts of interest […]

Retaliation Tops List of Employment Discrimination Complaints

Retaliation, race discrimination, and sex discrimination were the most commonly filed complaints with the U.S. Equal Employment Opportunity Commission (EEOC) last year. Under the law, it is illegal to fire, demote, harass, or otherwise “retaliate” against an individual for complaining about or filing a charge of discrimination, or for participating in an employment discrimination proceeding […]

New Hire Onboarding Checklist

New employee orientation (also called “onboarding”) introduces new employees to the workplace and familiarizes them with some of the company’s basic practices. Onboarding should be conducted as soon after an employee’s start date as possible. Some of the topics you may wish to cover include: Welcome. Give your new employee a brief tour of the […]

Tips to Lower Your Risk of a Group Health Plan Audit

The U.S. Department of Labor (DOL) has been increasing audits of employee welfare benefit plans–including group health plans–sponsored by companies of every size. An audit can happen at any time, so it’s important to stay on top of compliance. The checklist below can help you prevent and be prepared for a DOL audit. Maintain all […]

Rule Change Allows More Time to Provide Annual Disclosures to Employees in 401(k)-Type Retirement Plans

A new rule issued by the U.S. Employee Benefits Security Administration (EBSA) changes the requirement that annual disclosures for participant-directed individual account plans (e.g., 401(k) plans) be made at least once in any 12-month period to at least once in any 14-month period. The requirement that administrators of 401(k)-type plans disclose annually certain information about […]

IRS Penalties for Small Employers Reimbursing Individual Premiums Will Not Apply Until July 2015

IRS Notice 2015-17 provides limited transition relief from the assessment of excise taxes for small employers who reimburse, or directly pay, the premium for an employee’s individual health insurance policy.   Prohibited Plans An “employer payment plan” is an arrangement under which an employer reimburses an employee for some or all of the premium expenses […]

Final Forms and Instructions for Employers to Report Health Coverage and ACA Compliance

The IRS has released finalized forms and instructions for employers subject to the new information reporting requirements under the Affordable Care Act (ACA): Forms 1094-C and 1095-C will be used by large employers (generally those with at least 50 full-time employees, including full-time equivalents) to report information to the IRS and to their employees about […]