With the advent of social media, there has been a proliferation of new acronyms making their way into our everyday language. Even those who are not social media savvy may likely recognize some of these popular acronyms. Similar to the world of social media, there are many acronyms pertaining to employee benefit plans (EBP). This edition of the Summer 2017 EBP Commentator explores several EBP acronyms we believe would be beneficial for plan sponsors to understand.
The most recent edition of the EBP Commentator discusses key issues including significant proposed revisions for Form 5500, HIPAA audits and your health plan’s readiness, changes to the determination letter program, trends in employee stock ownership plans, new reporting guidance, expanded PBGC missing participant program, increases in certain ERISA civil penalties, and 2016 tax return due date changes and impact on retirement plan contribution dates.
The most recent Summer 2016 issue of the EBP Commentator discusses key issues related to employee benefit plans, including cybersecurity concerns, the Form 5500 update, the DOL “conflict of interest” fiduciary rule, and the fiduciary role of a plan sponsor.