EBIA Weekly Newsletter

HHS Releases Final Notice of Benefit and Payment Parameters for 2018


   January 5, 2017

PPACA; HHS Notice of Benefit and Payment Parameters for 2018; Amendments to Special Enrollment Periods and the Consumer Operated and Oriented Plan Program, 45 CFR Parts 144, 146, 147, 148, 153, 154, 155, 156, 157, and 158, 81 Fed. Reg. 94058 (Dec. 22, 2016); Final HHS Notice of Benefit and Payment Parameters for 2018 Fact … Read More


DOL Report: EBSA Lacks Resources to Properly Protect Self-Insured Health Plan Participants


   January 5, 2017

DOL Office of Inspector General: Report to the Employee Benefits Security Administration (Nov. 18, 2016) Available at http://www.oig.dol.gov/public/reports/oa/2017/05-17-001-12-121.pdf The Department of Labor’s Office of the Inspector General has issued a report concluding that the Employee Benefit Security Administration (EBSA) has been unable to protect an estimated 79 million self-insured health plan participants from … Read More


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