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The Case for the Welfare Plan Fiduciary Committee

McDermott Will & Emery Employee Benefits

This recent article, published by the […]

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Best Global Benefits Services

HR Lineup

Employee benefits are non-wage compensations that are provided by employers to their employees, which may include health insurance, retirement plans, and vacation time. These services can include the provision of benefits such as health insurance, retirement plans , and other non-wage compensations.

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Top 10 Employee Perks Programs for 2024

HR Lineup

These programs go beyond the traditional healthcare and retirement plans, incorporating elements that cater to employees’ holistic well-being. They can range from traditional benefits like health insurance and retirement plans to more modern and creative offerings that cater to employees’ diverse needs and interests.

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Employee Benefit Plans: Important Considerations for Year-End and 2025

McDermott Will & Emery Employee Benefits

With the 2025 plan year right around the corner, this is the ideal time for plan sponsors to ensure that plan operations comply with evolving legislative and regulatory requirements. This client alert highlights important regulatory changes that will impact retirement plans and health and welfare plans in the coming year.

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2023 Employee Benefits Reporting and Disclosure Calendars

International Foundation of Employee Benefit Plans

Plan sponsors and administrators are encouraged to reference these comprehensive calendars to stay on track in 2023. Health and Retirement Plans Subject to ERISA (Includes Multiemployer Plans) Health and Welfare.

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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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10 Proven Strategies to Boost Employee Retention in 2025

COMPackage

Incentive and welfare program for employee retention, building staffs loyalty reduce resignation rate for important talent, boss holding magnet to pull back resigned or leaving employee. Beyond salaries, offer benefits that align with employees needs, such as health insurance, retirement plans, and wellness programs.