Executive Order Halts Implementation of DOL Fiduciary Rule

Early this afternoon (Friday, February 03, 2017), President Trump signed an Executive Order directing the Department of Labor (DOL) to halt implementation of final regulations relating to “investment advice fiduciaries,” as defined under ERISA and the Internal Revenue Code. The Order directs the DOL to reevaluate the regulations and to report back to the President. […]

Continue Reading →

Executive Order Affirms Commitment to Repeal the ACA; Makes No Immediate Changes for Employers

Within hours of being sworn in on Friday, January 20, 2017, President Trump signed an executive order (the Order), that affirmed the administration’s policy of seeking “the prompt repeal” of the Affordable Care Act (ACA). The Order, however, neither specifically mentions employers nor has any immediate impact on employers’ obligations under the ACA. It is […]

Continue Reading →

Important HIPAA and ACA Benefit Updates from the HHS and IRS

Be Aware: Current Phishing Email is Disguised as Official OCR Audit Communication As many HIPAA covered entities and their business associates are aware, the Office for Civil Rights (“OCR”) division of the United States Department Health and Human Services (“HHS”) has begun a second-round of audits to examine compliance with the HIPAA Privacy, Security and […]

Continue Reading →

IRS Announces 2017 Employee Benefit Plan Limits

The Internal Revenue Service recently published the cost-of-living adjustments to the dollar limits under various employer-sponsored retirement and health plans for 2017. The majority of the dollar limits are either unchanged or will increase only slightly. Employer-sponsors of benefit plans should update payroll and plan administration systems for the 2017 limits and ensure that any […]

Continue Reading →

New FLSA Overtime Rules May Have Employee Benefit Plan Implications

The Department of Labor’s (DOL’s) final overtime rule (the Final Rule) takes effect December 1, 2016. As described in our prior post, the cumulative effect of the Final Rule will be to significantly expand the categories of employees eligible for overtime protection. As part of preparing to comply with the new wage and hour law, […]

Continue Reading →