Compliance

Under ERISA regulations, the fiduciary has 4 areas of duty: loyalty to the participants, prudence in running the plan, and the ongoing duties to diversify and minimize risk and to follow plan documents, unless they violate ERISA rules.

While COBRA serves as a temporary solution for maintaining health insurance coverage during transitional periods, its flaws and limitations for employees and employers cannot be ignored.

1 in 10 employees have been affected by an employer's data breach, leak or hack.

J&J used a platform known as Janssen CarePath, which provided patient support for managing health care medications and offered savings options

The IRS announced Wednesday it will increase 401(k) contribution limits to $23,000 (from $22,500 in 2023), a smaller increase than last year's record-breaking amount of $2,000, while limits for employees over 50 remains unchanged.

In a lawsuit, a disabled worker alleges Electric Boat Corp. did not provide reasonable accommodations for his disabilities and he was ultimately fired for non-compliance with the company's post-COVID return-to-office policy.

All employer plans are free to cover expenses the employer determines should be covered, however, fully insured plans will generally be forced to cover treatments mandated by state laws, while self-funded plans have more leeway.

It's that time of year for employers to review their self-funded health plan documents.