National Benefit Services, Inc. is an organization that provides services related to retirement plans, particularly focusing on pre-approved pension plans such as Defined Benefit and Cash Balance plans. Their publications primarily address compliance with Internal Revenue Code and IRS regulations, including required restatements of pension plans and legislative updates like the SECURE 2.0 Act. They offer guidance on plan administration, amendments, and operational checklists to help employers manage retirement plans effectively. Topics often include plan restatement deadlines, legislative impacts on retirement savings, transitioning between plan types (e.g., SIMPLE IRA to 401(k)), and strategies to improve plan success such as increasing deferral rates.
We used to call them “rehires” back in the day: those employees who quit and were hired back. And it didn’t happen all that often. Many companies had policies not to.
They’re now called “boomerang employees, and now it’s different.…
Actually, it was “only” a potential violation of privacy and data security rules imposed by the Health Insurance Portability and Accountability Act of 1996 (HIPAA) for which North Memorial Health Care of Minnesota (“NMHC”) agreed to pay $1.55 million.
The…
The State of Business Owners’ Retirement Planning
Let’s start with the big
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My apologies to William Camden for dragging him into ERISA. The proverbial saying in the headline, “An ynche in a misse is as good as an ell” appeared in his Remaines concerning Britaine published in 1637. It was an early…
Class action law suits and Department of Labor enforcement initiatives have created a 401(k) fee state of mind for fiduciaries.
How much, who pays for them, and how they are paid are issues about which service providers offer guidance. @GregIacurci…
Ir’s not exactly hats and horns for the 2016 Affordable Care Act (ACA) New Year, but there are a few reasons to celebrate regarding compliance matters.
Filing Extensions
The 2016 ACA reporting deadlines that apply to all subject employers (those…
A prohibition on discrimination has applied to self-insured plans for years under Section 105(h) of the Internal Revenue Code. The Affordable Care Act (“ACA”) now extends that ban on discrimination in insured group health plans.
What does this mean? Insured…
Many employers sponsoring welfare benefit plans are understandably now totally focused on what they can see in front of them. Namely, the Affordable Care Act.
But lurking just below the surface is ERISA and a host of other laws through…
There’s ESPN for sports. There’s CNN for news. Now there’s Progress Daily, an online platform for social enterprise developments.
That may seem overly ambitious, but the idea of business leadership tackling social problems was the reason I recently joined…
