Believe it or not, the due date for annual Form 5500 filings is once again approaching. As a reminder, Forms 5500 are due by the last day of the seventh month following the end of the plan year. A 2½ month extension will automatically be granted upon filing a Form 5558. For calendar year plans
Mark G. Kroboth
Mark is a managing associate in the Employee Benefits & Executive Compensation practice group. He focuses his practice on assisting public and private companies of all sizes with the design, implementation and maintenance of tax qualified pension, 401(k) and profit-sharing plans, non-qualified deferred compensation plans, change in control plans and agreements, equity compensation arrangements and health and welfare benefit plans.
New MHPAEA Guidance Released
On July 25 the U.S. Departments of Treasury, Labor and Health and Human Services (“tri-agencies”) released guidance related to the Mental Health Parity and Addiction Equity Act (MHPAEA). Among other documents, the guidance includes a proposed update to the MHPAEA regulations and a report to Congress summarizing the tri-agencies’ enforcement efforts related to group health…
Cybersecurity Considerations for Retirement Plan Fiduciaries
Retirement plans may have thousands of participants and billions of dollars in plan assets. Unfortunately, these large sums of money are attractive to bad actors who look to prey on unknowing victims by fraudulently accessing funds. Plan administrators, as fiduciaries of retirement plans, are wise to understand their legal obligations and best practices related to…
Extreme Couponing: How Manufacturer Coupons Impact Health Plans
Many Americans use prescription drugs on a daily basis to control or prevent a wide variety of illnesses. However, the increasing costs of prescription drugs make it hard for many Americans to obtain the medications they require. One way to combat this is through the use of manufacturer coupons. The process is simple. A manufacturer…
Crime Doesn’t Pay…Or Does It?
It sounds like something you might see on Dateline. A happy couple with a white picket fence in the suburbs. And then … the unthinkable happens …. one spouse murders the other. The last thing on anyone’s mind is what happens to the retirement plan assets….unless you are a plan administrator.
A principal purpose of…