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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 held that plans may contractually shorten the period participants have to raise claims, and provisions ...
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); $1,190 per failure for failure to timely provide a Summary of Benefits and Coverage (for health p...