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Employee Benefits Providers: What Employers Need to Know

Empuls

  These providers handle the intricate details of benefits administration, from negotiating with insurance carriers to managing employee enrollments and claims. Their services include 401(k) plans, pension plans, and personalized financial planning.

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Co-fiduciary Can’t Be Sued for Indemnification in 8th or 9th Circuits First Reliance Standard Life Ins. Co. v. Giorgio Armani Corp. U.S. No. 21-861, Cert. Denied 2/22/22

Benefits Notes

Section 405 of the Employee Retirement Security Act of 1974 (ERISA) provides for joint liability for co-fiduciaries of a pension, health or welfare benefit plan. In this case, there was an enrollment error in signing up an employee for life insurance coverage with his employer – Georgio Armani Corp.

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PA Employer’s Right to Subrogation is “Absolute”

The Workcomp Writer

for lost pension contributions; and. Thereafter, Claimant received payment in the amount of each insurer’s liability limit, for a total recovery of $150,000, placing the funds in an escrow account. for lost wages, of which Employer paid $65,662.91; $16,997.42 100,000 for permanent disfigurement. Employer’s Proposed Distribution.

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AMERICAN RESCUE PLAN ACT CONTAINS MANY EMPLOYEE BENEFITS RELATED PROVISIONS

Benefits Notes

While employers (for self-insured plans and multi-employer plans) or insurance carriers (for fully insured plans) are responsible for the COBRA subsidy, the paying entity is entitled to take a federal tax credit against payroll taxes. Single Employer Pension Plan Provisions. Tax Credit.