By Porter Wright on The Departments of Labor, Health and Human Services and the Treasury (collectively, the “Departments”) recently issued guidance in the form of a Frequently Asked Question (“FAQ”) that relates to the applicability of the market reform provisions of the Affordable Care Act (the “ACA”) to certain expatriate health care plans. … Continue Reading
By Porter Wright on We now have Q&A’s on the health care Summary of Benefits and Coverage. This guidance is incredibly late and is not binding, but it may be of assistance to everyone rushing to get this documentation put together and distributed. … Continue Reading
By Porter Wright on Phyllis Borzi, Assistant Secretary of the Employee Benefits Security Administration ("EBSA") and one of the founding members of the Worldwide Employee Benefits Network ("WEB") paid a visit to WEB's Cleveland Chapter yesterday. One of the issues she addressed was the status of the retirement plan service provider disclosure regulations. … Continue Reading
By Porter Wright on The Department of Labor (“DOL”) has published Frequently Asked Questions describing the scope of the anti-abuse rule (available here). Generally, transferring employees from one grandfathered plan or benefit package (transferor plan) to another (transferee plan) will cause the transferee plan to relinquish grandfather status if amending the transferor plan to replicate the terms of the transferee … Continue Reading
