ERISA Insider Vol II., Ed VIII: United Behavioral Health To Pay $15.6 Million After Investigations Find Violations Of The Mental Health Parity and Addiction Equity Act (MHPAEA) Following federal and state investigations by the DOL and NY Attorney General, UBH is set to reimburse plan participants $13.6 million, pay $2 million in penalties
ERISA Insider Vol II., Ed. VII: Why We Have ERISA What is ERISA and why is it important for operating modern Health & Retirement Plans? Dear Fiduciary, In this edition of ERISA Insider, we want to take a step back and focus on the fundamentals. If your company operates an employee Health &
ERISA Insider Vol II., Ed. VI: EBSA National Enforcement Projects - How The DOL Investigates and Audits ERISA Plans The EBSA has 5 main National Enforcement Projects aimed at enforcing ERISA compliance. Could you be targeted by one of these? Have you ever wondered how the Employee Benefits Security Administration (EBSA) decides to
ERISA Insider Vol II., Ed. V: Considering a Captive? Here's How To Make It ERISA Compliant Captive Insurer Arrangements are becoming more popular with PEOs and large organizations that want to save on employee benefit costs. The key to success is ensuring legal compliance. Dear Employer, As a business owner or organization leader,
ERISA Insider Vol II., Ed. III: Why You Should Hire An Independent Fiduciary To Ensure Your ESOP Is ERISA Compliant During A Merger or Acquisition An independent fiduciary brings a special perspective to the valuation and transition process of an ESOP from a seller to a buyer. Dear Employer, Mergers & Acquisitions are
ERISA INSIDER: VOL II., ED. II: How To Select An Expert Witness For Your ERISA Case Use these 3 elements to screen candidates for your next Expert Witness in an ERISA lawsuit. So, you’re looking for an Expert Witness to help you with your ERISA lawsuit. It goes without saying that having someone
ERISA INSIDER: VOL II., ED. I: Meet William Kropkof - President of the ERISA Advisory Group William Kropkof, founder and president of the ERISA Advisory Group, has been a trusted independent fiduciary since 1995. His experience working as a former DOL Investigator and expertise in Health & Welfare and Retirement Plan compliance sets
ERISA INSIDER: VOL I., ED. VIII: Trade Associations - 5 Things To Consider When Adopting A MEWA Multiple Employer Welfare Arrangements (MEWAs) have many benefits for Associations, but there are five key things to keep in mind so you can stay ERISA compliant. A message for the Executive Director of a Trade Association:
Is it time for your PEO health plan or retirement plan to be audited? This is something you think would never happen, but you can’t be so sure. It only takes one participant complaint call to put the audit process in motion. In addition, the Department of Labor (DOL) has yearly metrics, just like you
ERISA INSIDER VOL. I, ED. VII: Why The EBSA Is Auditing More Plans This Year For ERISA Compliance Errors Between 2017-2020 there’s been an upward trend of EBSA enforcement actions against Employee Benefit and Retirement Plans. Here’s why you could be a target for their next investigation or audit. Dear Employer, Did you know that