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About this Blog
Welcome to the Snell & Wilmer Benefits Blog. We will be posting about current employee benefits and executive compensation topics and issues. We invite you to contact the authors with your thoughts or questions.Blog Contributors
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Contemplating a Severance Plan? Consider ERISA
A severance plan may be subject to the requirements of ERISA as an employee welfare benefit plan. The determination of whether a severance plan is subject to ERISA depends in large part on whether the plan is part of an … Continue reading
Posted in Employee Benefits, Executive Compensation, Qualified Retirement Plans
| Tagged correction, ERISA, Form 5500, penalty, preemption, severance plan
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Departments Finally Publish Updated SBC Template and Instructions
On April 6, 2016, the Departments of Health and Human Services, Labor and Treasury (the “Departments”) issued an updated Summary of Benefits and Coverage (“SBC”) template. The latest template represents an effort by the Departments to enhance consumer access to … Continue reading
Posted in Employee Benefits, Health & Welfare Plans, Health Care Reform
| Tagged DOL, instructions, open enrollment, penalty, SBC, summary of benefits and coverage, template, treasury
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When Anything Less than 95% is a Failing Grade: An Update on the Employer Shared Responsibility Penalties
As a reminder, effective January 1, 2016, employers must offer minimum essential coverage to 95% or more (up from 70% or more for 2015) of their full-time employees and their dependents each month or pay a very steep penalty. Missing … Continue reading
Posted in Employee Benefits, Health & Welfare Plans, Health Care Reform
| Tagged 95%, ACA, Cadillac tax, health care reform, HRA contributions, penalties, penalty, shared responsibility
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