Insurance News From Benefit Analysts

DOL Proposes New Method for Electronic Delivery of Retirement Plan Disclosures

Retirement Plan DisclosuresThe U.S. Department of Labor (DOL) published a proposed rule in October that would allow plan administrators to make retirement plan disclosures available on a website.

29 CFR Part 2520 states: The Department of Labor is proposing in this document a new, additional safe harbor for the use of electronic media by employee benefit plans to furnish information to participants and beneficiaries of plans subject to the Employee Retirement Income Security Act of 1974 (ERISA). The proposal, if adopted, would allow plan administrators who satisfy specified conditions to provide participants and beneficiaries with a notice that certain disclosures will be made available on a website.

6 Steps for Planning a Holiday Office Party

planning a holiday partyPlanning a holiday office party can be a logistical nightmare, especially when you don’t know where to begin. Luckily, we have a few steps to make it easier.

FSA Contribution and Other Benefits Limits Rise for 2020

FSA contributionsThe IRS announced an increase to flexible spending account FSA contribution limits for the 2020 plan year. Individuals can contribute $2,750 in 2020, up $50 from the previous year.

Since this announcement came so late in the year, some employers may not use the updated figures in their benefits limits—as doing so would require an addendum.

Compliance Corner for November 12, 2019

compliance corner

Compliance Corner for November 2019

compliance corner

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