EBIA Weekly Newsletter

DOL Reinstates Modified Version of 1994 Guidance on Exercise of Shareholder Rights, Including Proxy Voting


   January 5, 2017

Interpretive Bulletin Relating to the Exercise of Shareholder Rights and Written Statements of Investment Policy, Including Proxy Voting Policies or Guidelines, 81 Fed. Reg. 95879 (Dec. 29, 2016); DOL News Release 16-2376-NAT (Dec. 28, 2016) Interpretive Bulletin News Release The DOL has issued Interpretive Bulletin 2016-1, which withdraws the DOL’s 2008 … Read More


IRS Newsletters Highlight Issue Snapshots and Partial Terminations; Joint Publication With the DOL Focuses on Automatic Enrollment Plans for Small Businesses


   January 5, 2017

IRS Newsletters: Employee Plans News, Issues 2016-12 (Nov. 4, 2016) and 2016-11 (Oct. 12, 2016); IRS Pub. 4674 (Automatic Enrollment 401(k) Plans for Small Businesses) (Oct. 2016) Newsletters Publication 4674 These issues of the IRS’s Employee Plans News feature helpful information on a variety of subjects of interest to plan sponsors … Read More


Who Must Receive SPDs for ERISA Welfare Plans?


   January 5, 2017

QUESTION: We are reviewing the SPD procedures for our ERISA welfare plans and need some guidance. Who must receive SPDs for these plans? ANSWER: ERISA requires a plan administrator to automatically furnish a summary plan description (SPD) to each participant covered under a welfare plan. The term “participant” is not limited to current employees; it … Read More


EBIA Has the Compliance Updates You’re Looking For


   December 22, 2016

You can rely on EBIA to explain the continually changing compliance requirements for employee benefits and help you know what to do. Here are highlights of some recent updates to our cafeteria plans and fringe benefits publications: Cafeteria Plans. We have updated our sample cafeteria plan document, SPD, and related documents for 2017, … Read More


IRS Releases Final Regulations on Premium Tax Credit, but Delays Rules on Affordability Implications of Opt-Out Payments


   December 22, 2016

Premium Tax Credit Regulation VI, 26 CFR Parts 1 and 301, 81 Fed. Reg. 91755 (Dec. 19, 2016) Available at https://www.gpo.gov/fdsys/pkg/FR-2016-12-19/pdf/2016-30037.pdf The IRS has issued final regulations relating to the premium tax credit available to eligible individuals who enroll in Exchange coverage. These regulations finalize many, but not all, of the provisions in … Read More