12 DOL Best Practices for 401k Plan Cybersecurity Measures
The U.S. Department of Labor (DOL) recently issued cybersecurity guidance for 401k plan sponsors, recordkeepers, other vendors, participants, and ...
Compliance
No Surprises Act: New Final Rule and Guidance
On August 19, 2022, the Department of Health and Human Services, Department of Labor, and Department of Treasury (collectively, the Departments) issued ...
Contraceptive Coverage Requirements: Clarification and Enforcement Intent
In response to continued complaints of non-compliance, the Department of Labor, Department of Health and Human Services, and the Department ...
The IRS’s New Pre-Audit Retirement Plan Compliance Pilot Program
On June 3, 2022, the Internal Revenue Service (IRS) announced a new pre-audit compliance pilot program (Program) for retirement plans, including 401ks.1 ...
Roundup of New California Employment Legislation: Pay Disclosures & Reporting, COVID-19 Supplemental Sick Leave, Bereavement Leave
On August 31, 2022, the California Legislature concluded its 2022 Legislative Session and passed several employment-related bills, including those related...
Illinois Expands Unpaid Bereavement Leave
On June 9, 2022, Illinois Governor JB Pritzker signed the Family Bereavement Leave Act (FBLA) (SB 3120) into law which amends the existing ...
Roundup of New Paid Sick Leave: New Mexico, Bloomington, Minnesota, & West Hollywood, California
This article rounds up recent updates to state paid sick leave programs in New Mexico, Bloomington, Minnesota, and West Hollywood, ...
[Updated] 5 Things You Should Know About California’s Retirement Plan Mandate
California small businesses or nonprofits with at least five employees must now offer a retirement plan to all adult employees, ...
San Francisco’s New Paid Public Health Emergency Leave Goes into Effect October 1, 2022
In July of this year, San Francisco voters approved Proposition G, the Public Health Emergency Leave (PHEL) Ordinance (“Ordinance”), which ...
Prescription Drug Cost Reporting Requirement: Due Date Approaching
Group health plans and carriers will soon be required to report certain demographic and spending information about a plan’s ...
Inflation Reduction Act of 2022: Group Health Plan Impact
On August 16, 2022, President Biden signed into law the Inflation Reduction Act of 2022 (the Act) impacting a broad range of issues ...
Environmental, Social and Governance Investing: What 401(k) Plan Sponsors Need to Know
Over the last few years environmental, social, and governance (ESG) has been a topic of conversation in the 401(k) industry ...