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The Case for the Welfare Plan Fiduciary Committee

McDermott Will & Emery Employee Benefits

Employee Retirement Income Security Act class action lawsuits filed earlier this year against the group health plans of two large US employers underscore the importance of implementing formal welfare benefit plan governance structures that include fiduciary committees comparable to the governance structures employer sponsors of retirement plans routinely (..)

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IRS Announces Cost-of-Living Adjustments for Health and Welfare Plans

McDermott Will & Emery Employee Benefits

On October 18, 2022, the Internal Revenue Service (IRS) announced cost-of-living adjustments to the applicable dollar limits for certain account-based health and welfare plans (see Rev. The post IRS Announces Cost-of-Living Adjustments for Health and Welfare Plans appeared first on EMPLOYEE BENEFITS BLOG.

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The Case for the Welfare Plan Fiduciary Committee

McDermott Will & Emery Employee Benefits

Recent lawsuits filed against the group health plans of two large US employers underscore the importance of implementing formal welfare benefit plan governance structures that include fiduciary committees comparable to the governance structures employer sponsors of retirement plans routinely adopt.

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Multiple Employer Welfare Arrangement (MEWA) Pros and Cons

BerniePortal

As employers prepare for open enrollment and begin planning recruitment strategies, it is crucial for teams to recognize how they can best maximize their health plan and benefits packages. For some employers, a multiple employer welfare arrangement (MEWA) can help.

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Creating a Culture of Care: Prioritizing Employee Welfare and Well-being

Hppy

However, taking care of employees’ welfare and well-being is a major responsibility, and it goes far beyond ticking boxes and following procedures. In today’s world, this means looking after their physical and mental health and ensuring that the right tools and systems are in place to do so.

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benefitexpress NelsonHall NEAT Leader 2021 Health & Welfare Benefits Administration

WEX Inc.

benefitexpress named NelsonHall NEAT "Leader" 2021 for health & welfare benefits administration. SCHAUMBURG, Ill.

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Novus Health becomes living pension employer

Employee Benefits

Health provider Novus Health has received living pension employer accreditation from the Living Wage Foundation. It employs 65 members of staff from its Horbury headquarters and four local health and wellbeing hubs in Wakefield, Pontefract, Normanton and Sandal. The employer pays in at least 7%, or £1,630.

Pension 59