Archive for DOL’ Category

DOL Fiduciary Rule Overturned | TX Benefits Broker
Mar

29

2018

DOL Fiduciary Rule Overturned | TX Benefits Broker

In its March 15, 2018, decision, the U.S. Court of Appeals for the Fifth Circuit overturned the U.S. Department of Labor’s (DOL) Fiduciary Rule that expanded the definition of an investment advice fiduciary under the federal Employee Retirement Income Security Act (ERISA). Under the Fiduciary Rule, investment brokers were going to be required to put the interest of their clients before their own when advising…

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6 Ways to Keep the Flu from Sidelining Your Workplace | Houston Employee Benefits
Mar

5

2018

6 Ways to Keep the Flu from Sidelining Your Workplace | Houston Employee Benefits

  This year’s flu season is a rough one. Although the predominant strains of this year’s influenza viruses were represented in the vaccine, they mutated, which decreased the effectiveness of the immunization. The flu then spread widely and quickly, and in addition, the symptoms were severe and deadly. The U.S. Centers for Disease Control and Prevention (CDC) reported that the 2017 – 2018 flu season…

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Deadline Approaching: Post Form 300A | TX Benefit Advisors
Feb

19

2018

Deadline Approaching: Post Form 300A | TX Benefit Advisors

This is a reminder that from February 1 through April 30, 2018, impacted employers are required to post a copy of their 2017 Form 300A (Summary of Work-Related Illnesses and Injuries) in a common area where employee notices are usually available. This annual requirement may not apply to certain employers that are partially exempt from routinely keeping Occupational Safety and Health Administration (OSHA) injury and…

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Jan

25

2018

Federal Employment Law Update – January 2018 | Houston Benefit Advisors

WHD Revises Test for Unpaid Internships On January 5, 2018, the U.S. Department of Labor’s Wage and Hour Division (WHD) released a Field Assistance Bulletin (FAB No. 2018-2) establishing that the primary beneficiary test, rather than the six-point test, will determine whether interns at for-profit employers are employees under the federal Fair Labor Standards Act (FLSA). The primary beneficiary test requires an examination of the…

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New Year, New Penalties | Houston Benefit Advisors
Jan

5

2018

New Year, New Penalties | Houston Benefit Advisors

Department of Labor Publishes Updated Penalties for OSHA Violations On January 2, 2018, the U.S. Department of Labor (DOL) published updated, inflation-adjusted penalties for violations of various laws regulated by the DOL and its internal components or divisions, including the Occupational Health and Safety Administration (OSHA). The DOL is required to adjust the level of civil monetary penalties for inflation by January 15 each year…

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Dec

27

2017

2017 UBA Healthplan Survey | Houston Benefit Advisors

It was recently unveiled the latest findings from our 2017 Health Plan Survey. With data on 20,099 health plans sponsored by 11,221 employers, the UBA survey is nearly three times larger than the next two of the nation’s largest health plan benchmarking surveys combined.To learn more, watch this short video below.
Agencies Provide Relief for Group Plans and Donation Programs Affected by Hurricanes/Wildfires | Houston Benefit Advisors
Dec

15

2017

Agencies Provide Relief for Group Plans and Donation Programs Affected by Hurricanes/Wildfires | Houston Benefit Advisors

Guidance for Group Health Plans Impacted by Hurricane Maria and California Wildfires The U.S. Department of Labor (DOL) issued a news release to recognize that plan participants and beneficiaries may encounter problems due to Hurricane Maria and the California Wildfires. The DOL advises plan fiduciaries to make reasonable accommodations to prevent workers’ loss of benefits and to take steps to minimize the possibility of individuals losing benefits…

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The DOL’s Final Overtime Rule Saga Continues | Houston Benefit Advisors
Apr

26

2017

The DOL’s Final Overtime Rule Saga Continues | Houston Benefit Advisors

The change in the regulations that would increase the salary threshold for overtime exemption that was all over the news for the last several months may now be decided by the end of June. The Fifth Circuit Court of Appeals has granted the U.S. Department of Labor (DOL) another 60-day extension of time to file its final reply brief in the in the pending appeal…

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Discovery for Health and Welfare Benefit Plans: Required ERISA Reporting—Form 5500 | Houston Benefit Advisors
Apr

24

2017

Discovery for Health and Welfare Benefit Plans: Required ERISA Reporting—Form 5500 | Houston Benefit Advisors

Most companies are fully aware of Form 5500 reporting requirements related to their 401(k) plans, but are less familiar with the Form 5500 reporting requirements for their health and welfare benefit plans. Requirements: Most employer-sponsored health and welfare benefit plans, including, but not limited to, group health, dental, vision, life insurance, disability insurance, voluntary worksite benefits (typically, but not always), and health flexible spending account…

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Department of Labor Delays Enforcement of the Fiduciary Duty Rule | Houston Benefit Advisors
Apr

9

2017

Department of Labor Delays Enforcement of the Fiduciary Duty Rule | Houston Benefit Advisors

On April 4, 2017, the Department of Labor (DOL) announced that the applicability date for the final fiduciary rule will be extended, and published its final rule extending the applicability date in the Federal Register on April 7. This extension is pursuant to President Trump’s February 3, 2017 presidential memorandum directing the DOL to further examine the rule and the DOL’s proposed rule to extend…

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