by PC Editorial Staff | Sep 27, 2022 | EBSA, Employee benefit plans, Employee Benefits Administration, ERISA
On September 23rd, 2022, the U.S. Department of Labor (DOL) announced that an international design firm’s fiduciaries would pay $2 million to restore assets to the company retirement plan after investigators found plan asset mismanagement occurred. Investigators...
by PC Editorial Staff | Sep 14, 2022 | DOL, EBSA, Employee benefit plans, Employee Benefits Administration, ERISA, Retirement Plans
This week, the U.S. Department of Labor (DOL) announced a settlement in an Employee Retirement Income Security Act of 1974 (ERISA) case where Wells Fargo will pay $131.8 million for ERISA violations. According to the DOL investigation, Wells Fargo, Wells Fargo Bank,...
by PC Editorial Staff | Aug 16, 2022 | ACA, Employee benefit plans, IRS, Obamacare
The Internal Revenue Service (IRS) announced its 2023 indexing adjustments used with the Affordable Care Act (ACA) when calculating ACA affordability for employer shared responsibility purposes. ACA affordability refers to the highest percentage of household income...
by PC Editorial Staff | Aug 9, 2022 | ACA, Affordable Care Act, Employee benefit plans, HHS
In July 2022, federal agencies, including the Department of Labor (DOL), Department of Health and Human Services (HHS), and Department of the Treasury (the Departments) released a list of frequently asked questions (FAQs) on the Affordable Care Act (ACA), specifically...
by PC Editorial Staff | Jul 12, 2022 | American Rescue Plan Act (ARPA), Employee benefit plans
On July 8th, 2022, the Pension Benefit Guaranty Corporation (PBGC) published a final rule addressing PBGC special financial assistance into the Federal Register. The final rule would allow up to $91 billion for financially troubled multiemployer pension plans....
by PC Editorial Staff | Jun 28, 2022 | Employee benefit plans, Medicare
The U.S. Supreme Court’s recent decision to overturn Roe v. Wade will impact employee access to reproductive care through employer group health plans in several ways. Markedly, the landmark decision overturned nearly 50 years of legal precedent that allowed women in...
