Page 2 - Summary Plan Description News Today

As 2021 comes to an end, we are pleased to present our traditional End of Year Plan Sponsor “To Do” Lists. This year, we present our “To Do” Lists in four separate SW Benefits Updates....

2021 NOV 24-- By a News Reporter-Staff News Editor at Insurance Daily News-- According to news reporting originating from Alexandria, Virginia, by NewsRx journalists, a patent by the inventors Angelopoulos, Marie, Gabrani, Maria, Gagen, Christopher, Ray, Ritwik, Roberts, Frederick, filed on June 18, 2019, was published online on November 2, 2021. The assignee for this...

Lindsay Nelson, the Tripadvisor exec who incubated its beleaguered Tripadvisor Plus subscription program, will leave her post, the company announced Friday.

To embed, copy and paste the code into your website or blog: Can ERISA plan participants be denied their day in court? Title 1 of ERISA allows participants to sue fiduciaries who breach their fiduciary duties. The permissible venues, the statutes of limitations for claims and available remedies to apply in “civil actions” are set out. However, courts have increasingly held that plan sponsors may impose contractual restrictions of the exercise of those ERISA rights. The Supreme Court has hel...

To embed, copy and paste the code into your website or blog: The DOL’s Employee Benefits Security Administration (EBSA) recently issued its annual inflationary adjustments to penalties that apply for violations of the Employee Retirement Income Security Act of 1974, as amended (ERISA). For 2021 the penalty amounts are as follows: $2,259 per day for failure to timely file an annual Form 5500; $1,644 per day for failure to file an annual Form M-1 (for multiple employer welfare arrangements only...

Anti-assignment clauses in ERISA health plans are useful to plan sponsors in fending off lawsuits by out-of-network providers. Federal courts have consistently upheld anti-assignment...

The days when an employee stuck with one company throughout their career are largely gone in the U.S. Instead, many workers switch jobs every few years, seeking new opportunities for professional development and salary increases. While a focus on one’s career mobility can be positive, one aspect of such a change is too often neglected—retirement savings. For guidance on how to help protect the savings you have worked hard to earn, we turn to some helpful information via Options When ...

Court Grants Cumulus Media’s Motion to Dismiss Time-Barred ERISA Claims December 18, 2020 On Thursday, Judge Thomas W. Thrash, Jr. of the Northern District of Georgia issued an order and opinion granting Cumulus Media’s motion to dismiss time-barred claims in a Employee Retirement Income Security Act (ERISA) class-action complaint. The Judge granted dismissal of one plaintiff’s claims for lack of standing because she ceased being a participant in the 401(k) plan before the time p...