Insurance News From Benefit Analysts

5 Performance Review Best Practices

retirement plan disclouresPerformance reviews are an annual ritual for many employers, but their usefulness has been debated for years.

To make sure you—and your employees—get the most out of performance reviews, follow these five tips.

2020 Group Health Plan Compliance Dates

Group Health Plan Compliance DatesEmployers must comply with numerous reporting and disclosure requirements throughout the year in connection with their group health plans.

Listed below are upcoming group health plan compliance dates for employer-sponsored group health plans, organized chronologically. For these requirements, the information provided herein shows the deadlines that apply to calendar year plans. For non-calendar year plans, these deadlines will need to be adjusted to reflect each plan’s specific plan year.

Employee Benefits Annual Limits for 2020

Employee Benefits Annual LimitsWe are providing the helpful guide for the 2020 Employee Benefits Annual Limits. The guide contains:

  • IRS Limits on Health Savings Accounts (HSAs)
  • Non-HDHP Out-of-Pocket Limits
  • IRS Limits on Health Flexible Spending Accounts (Health FSAs)
  • Qualified Small Employer Health Reimbursement Arrangements
  • IRS Limits on Retirement Benefits and Compensation
  • And much more

How to Conduct 1-on-1 Benefits Meetings

Employee benefits programs are a big part of attracting and retaining top talent. You’ve likely worked hard to develop a competitive benefits package, but you may be undermining your hard work by not communicating effectively. Learn some tips how to conduct 1-on-1 benefits meetings in the video below.

1-on-1 business meetings

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.

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