Tag: benefits

mental health

DOL Highlights Growth in MHPAEA Enforcement

The year 2016 was a banner year for mental health parity enforcement, the U.S. Department of Labor (DOL) reported. The agency’s growing efforts to bring group health plans into line with the Mental Health Parity and Addiction Equity Act (MHPAEA) were summarized in a recent DOL release.

School Is Cool at More Companies Today

Yesterday’s Leadership Daily Advisor reported on the fast-growing trend in corporate benefits of helping employees who are saddled with education-related debt. Today, we outline the main design elements that will structure leadership’s approaches to the perk.

retirement

DOL: Lifetime Income Can Be Part of Prudent QDIA

by Jane Meacham, Contributing Editor The U.S. Department of Labor (DOL), in late December 2016, issued an information letter that indicated employer plan sponsors are entitled to use lifetime income products as a part of a prudent qualified default investment alternative (QDIA), even if the products contain certain liquidity and transferability restrictions.

DOL Fiduciary Rule 101

Did you know that under existing laws, the person or organization who manages your company’s 401(k) is not legally obligated to provide advice that is in the best interest of the investor? If that seems crazy to you, then it perhaps will come as no surprise that this is about to be changed with the […]

Claim by Worker’s Estate Against Employer’s Uninsured Motorist Policy Is Barred

The New Mexico Supreme Court recently responded to a certified question from the U.S. District Court for the District of New Mexico in a lawsuit filed by the family of a worker who was killed in an accident at a salvage yard that was likely caused by a coworker. The supreme court’s answer turned on the resolution of a conflict between language in the New Mexico Workers’ Compensation Act (WCA) and the uninsured motorist (UM) statute.

retirement

DOL Sues to Recover Losses to Vermont ESOP

The U.S. Department of Labor (DOL) is suing the fiduciaries of a Vermont employee stock ownership plan (ESOP) for violations of the Employee Retirement Income Security Act (ERISA), alleging that First Bankers Trust Services, Inc.’s 2011 purchase of a company on behalf of the ESOP from its two previous owners caused the plan to suffer […]

offer

Tips to Help Ensure Your Job Offer Is Accepted

How often have you or your hiring team put together a job offer for a well-qualified candidate only to have the offer rejected? This can be quite frustrating, and can increase how long it takes to fill a vacancy.