ERIC conducted a spot survey of its members on the use of employee stock offerings… More

ERIC conducted a spot survey on the funding of nonqualified deferred compensation (NQDC) plans… More

Back in 2014, ERIC conducted a survey on employer stock offerings as it related to defined contribution plans in the wake of the Supreme Court's decision in Fifth Third Bancorp v. Dudenhoeffer. In an effort to understand how employers are changing over time, ERIC conducted a spot survey on employer stock offerings as a part of an employer's defined contribution plan(s)… More

ERIC created a spot survey on the use and prevalence of rabbi trusts to fund non-qualified deferred compensation (NQDC)… More

This survey was intended as a follow-up to the prior survey as well as a way to receive feedback from members on the direction of the comment letter we planned to file with the IRS in response to the recent Notice… More

ERIC today filed a complaint in the U.S. District Court for the Western District of Washington against the City of Seattle for obstructing the federal law that enables large employers to administer health and retirement benefits uniformly across the country. ERIC is requesting an injunction and a declaration from the court that federal law supersedes and preempts the health coverage and payment mandates in Part 3 of the Seattle Hotel Employees Health and Safety Initiative - SMC 14.25; ERIC hopes to work with the City and negotiate a temporary nonenforcement agreement, at least until a decision in the case is reached… More

ERIC is pleased the City of Seattle has agreed to a temporary non-enforcement of the health coverage and payment mandates in Part 3 of the Seattle Hotel Employees Health and Safety Initiative - SMC 14.25 … More

ERIC today sent the Internal Revenue Service (IRS) a letter regarding retirement savings programs for individuals repaying student loans. In the letter, ERIC praised the IRS for issuing Private Letter Ruling-131066-17, which permits the 401(k) plan sponsor that requested the PLR to contribute to the company’s 401(k) plan on behalf of plan participants who pay down student loan debt but do not necessarily contribute to the company’s 401(k) plan … More

ERIC submitted comments with the New York City Council regarding proposed bill Int. 0888-2018, that would establish a retirement savings program for private-sector employees. ERIC supports proposals and programs run by states and localities designed to promote and facilitate retirement saving by those employed by an employer that does not provide a retirement plan, but has concerns about how the proposed program overlaps and connects with the Employee Retirement Income Security Act of 1974 (ERISA), the federal law that already governs the administration of private-sector retirement plans … More

ERIC sent a letter to Assistant Secretary of Labor Preston Rutledge encouraging the Department of Labor (DOL) to focus its efforts on developing guidance related to the challenge of employers locating missing retirement plan participants. The letter also asks that until guidance is provided, the DOL should stop issuing letters that allege an employer has committed a breach of fiduciary duty with respect to the practices utilized to locate missing retirement plan participants… More

Today, ERIC submitted comments to the Department of Health and Human Services (HHS) in response to its Request for Information related to the HHS Blueprint to Lower Drug Prices and Reduce Out-of-Pocket Costs… More

ERIC today filed comments with the Departments of Health and Human Services, Labor, and Treasury on mental health parity compliance. The comments focused on the time needed for plan sponsors to prepare for and come into compliance with new requirements, more stakeholder input on the processes, definitions, and interpretations by the agencies, and flexibility by the agencies in enforcing the MHPAEA rules… More

We are writing about some of the new criteria added to the 2019 Corporate Equality Index (CEI) announced by the Human Rights Campaign (HRC)… More

The ERISA Industry Committee (“ERIC”) and the In-House Benefits Counsel Network (the “IBCN”) are pleased to respond to the request of the U.S. Treasury Department and the Internal Revenue Service (collectively, the “Agencies”) for comments regarding Notice 2018-24, relating to their “Request for Comments on Scope of Determination Letter Program for Individually Designed Plans during Calendar Year 2019” (the “Notice”)… More

The ERISA Industry Committee (ERIC) joined a number of employer trade associations to call upon the U.S. Department of the Treasury, the Department of Health and Human Services, and the Internal Revenue Service to end the illegal enforcement of the Affordable Care Act’s employer mandate… More

Today, ERIC submitted comments on Louisiana’s State Innovation Waiver Application for a reinsurance program… More

On behalf of The ERISA Industry Committee (ERIC), thank you for accepting input from interested stakeholders as you explore ways to stabilize Louisiana’s individual health insurance market through a reinsurance program… More

This morning, ERIC submitted comments to the District of Columbia's Department of Employment Services on its proposed regulations for implementing the Universal Paid Leave Amendment Act of 2016 (UPLA)… More

The ERISA Industry Committee (ERIC) appreciates the opportunity to comment on the Department of Employment Services’ (DOES) proposed rules implementing the Universal Paid Leave Amendment Act of 2016 (UPLA), D.C. Law 21-264; D.C. Official Code § 32-541.01 et seq… More

The ERISA Industry Committee (ERIC) submitted testimony to the Pennsylvania State Senate in support of Senate Bill 780 (S. 780)… More

This week, ERIC submitted testimony to the Pennsylvania Senate on Senate Bill 780. This bill was introduced last June and has been slowly making its way through the legislative process, most recently being passed out of the Banking and Insurance Committee in January… More

We are writing to request that the Department of Health and Human Services (HHS) take immediate action to address recent disclosures confirming inappropriate steering of individuals with End Stage Renal Disease (ESRD) who are eligible for Medicare or Medicaid into commercial coverage… More

ERIC submitted comments to the County of Albany County Legislature on its proposed local law to provide access to paid sick time … More

On behalf of The ERISA Industry Committee (ERIC), thank you for accepting input from interested stakeholders as you explore ways to stabilize Louisiana’s individual health insurance market through a reinsurance program. ERIC is the only national association that advocates exclusively for large employers on health, retirement, and compensation public policies at the federal, state, and local levels. We speak in one voice for our members on their benefit and compensation interests, including many members with employees and retirees in Louisiana… More

ERIC and members of the National Coalition on Benefits sent a letter reiterating our strong opposition to the end-stage renal disease (ESRD) provision in the House-passed version of the opioids bill… More

ERIC sent a letter to the U.S. Senate urging lawmakers to support S. 2554, the “Patient Right to Know Drug Prices Act.” The bill would ban so-called “gag clauses” in group health plans and individual market health insurance plans. These clauses prevent pharmacists from informing a patient that filling a prescription might be cheaper if the patient pays cash, rather than the negotiated copay under their insurance coverage… More

This week, the House is expected to vote on H.R. 3798, the “Save American Workers Act of 2018.” The ERISA Industry Committee (ERIC) urges you to support this legislation. ERIC is the only national trade association that advocates exclusively for federal, state, and local public policies that support large employers sponsoring health, retirement, and compensation plans… More

As your committee works to produce a comprehensive FAA reauthorization bill, urgent attention is needed to reform the regulation of the air ambulance system in our nation. Without reform, America’s families and health care providers face an increasing and often conflicting set of rules and regulations that fail to provide any semblance of financial certainty when life-saving air ambulance services are employed… More

Today, ERIC sent a joint letter to Congress stating our support for the passage of retirement legislation during this Congress to enhance retirement security in America… More

Today, ERIC sent a letter to members of the U.S. House of Representatives urging them to vote yes on H.R. 6199. This bill would make a number of important improvements to health savings accounts … More

The ERISA Industry Committee (ERIC) today submitted a statement for the record to the Senate Finance Subcommittee on Social Security, Pensions, and Family Policy, following its hearing on the importance of paid family and medical leave… More

ERIC, along with other organizations, sent a letter to Senators Orrin Hatch and Ron Wyden with a proposal to restructure IRS operations. The proposal would direct the IRS to expand the self-correction program within the IRS’s Employee Plan Compliance Resolution System, to enable businesses with retirement plans to more easily correct common mistakes… More

On behalf of the undersigned organizations, we thank you for the meeting we had with your senior staff on May 16 regarding the issue of missing and unresponsive participants and beneficiaries. While we were sorry you could not attend, we had a productive dialogue with staff from the Department of Labor’s Employee Benefits Security Administration (EBSA)… More

ERIC joins others in thanking the House Ways and Means Committee for holding a hearing on expanding consumer-driven health plan options… More

Just a short note to fill the rest of your week with mental health parity (MHP) reading and excitement. This morning, the Senate Health, Education, Labor and Pensions (HELP) Committee finished their markup that included S. 2680, the Opioid Crisis Response Act of 2018. The bill was favorably reported out of committee by unanimous consent… More

We strongly support the Retirement Enhancement & Savings Act (RESA), and encourage you to advance this legislation in the Omnibus package currently being debated-with one critical modification relating to the Lifetime Income Disclosure Act (LIDA) mandate… More

The ERISA Industry Committee is pleased the Trump Administration recognized the need to modernize how employers can send required disclosures and notices to plan recipients in its most recent Executive Order… More

The ERISA Industry Committee (ERIC) is pleased that the Family Savings Act was passed out of the House Ways and Means Committee and encourages its passage out of the U.S. House of Representatives… More

ERIC sent a letter to the U.S. House of Representatives urging lawmakers to vote yes on H.R. 3798, the “Save American Workers Act of 2018.”… More

ERIC is pleased the City of Seattle has agreed to a temporary non-enforcement of the health coverage and payment mandates in Part 3 of the Seattle Hotel Employees Health and Safety Initiative - SMC 14.25 … More

The ERISA Industry Committee (ERIC) applauds the Trump Administration for today’s executive order promoting programs that enhance retirement security and expanding access to workplace retirement savings plans for American workers… More

ERIC today sent the Internal Revenue Service (IRS) a letter regarding retirement savings programs for individuals repaying student loans. In the letter, ERIC praised the IRS for issuing Private Letter Ruling-131066-17, which permits the 401(k) plan sponsor that requested the PLR to contribute to the company’s 401(k) plan on behalf of plan participants who pay down student loan debt but do not necessarily contribute to the company’s 401(k) plan … More

ERIC today filed a complaint in the U.S. District Court for the Western District of Washington against the City of Seattle for obstructing the federal law that enables large employers to administer health and retirement benefits uniformly across the country. ERIC is requesting an injunction and a declaration from the court that federal law supersedes and preempts the health coverage and payment mandates in Part 3 of the Seattle Hotel Employees Health and Safety Initiative - SMC 14.25; ERIC hopes to work with the City and negotiate a temporary nonenforcement agreement, at least until a decision in the case is reached… More

ERIC submitted comments with the New York City Council regarding proposed bill Int. 0888-2018, that would establish a retirement savings program for private-sector employees. ERIC supports proposals and programs run by states and localities designed to promote and facilitate retirement saving by those employed by an employer that does not provide a retirement plan, but has concerns about how the proposed program overlaps and connects with the Employee Retirement Income Security Act of 1974 (ERISA), the federal law that already governs the administration of private-sector retirement plans … More

The ERISA Industry Committee (ERIC) is pleased that the U.S. House of Representatives today came together and voted to pass H.R. 6199, the ‘Restoring Access to Medication and Modernizing Health Savings Accounts Act of 2018.’… More

ERIC sent a letter to Assistant Secretary of Labor Preston Rutledge encouraging the Department of Labor (DOL) to focus its efforts on developing guidance related to the challenge of employers locating missing retirement plan participants. The letter also asks that until guidance is provided, the DOL should stop issuing letters that allege an employer has committed a breach of fiduciary duty with respect to the practices utilized to locate missing retirement plan participants… More

The ERISA Industry Committee (ERIC) today submitted a statement for the record to the Senate Finance Subcommittee on Social Security, Pensions, and Family Policy, following its hearing on the importance of paid family and medical leave… More

The ERISA Industry Committee (ERIC) today submitted comments to the Department of Health and Human Services (HHS) in response to its request for information related to the HHS Blueprint to Lower Drug Prices and Reduce Out-of-Pocket Costs… More

ERIC today filed comments with the Departments of Health and Human Services, Labor, and Treasury on mental health parity compliance. The comments focused on the time needed for plan sponsors to prepare for and come into compliance with new requirements, more stakeholder input on the processes, definitions, and interpretations by the agencies, and flexibility by the agencies in enforcing the MHPAEA rules… More

ERIC continues to provide guidance to the U.S. Department of the Treasury and Internal Revenue Service on the determination letter program… More

In place since 2012, the one percent tax on health insurance claims (of both insured and self-insured plans) was paid by plan administrators for medical services rendered in the state to Michigan residents. ERIC had long held that the tax violated a provision of the Employee Retirement Income Security Act (ERISA), which pre-empts state and local laws that relate to employee benefit plans… More

The ERISA Industry Committee (ERIC) joined a number of employer trade associations to call upon the U.S. Department of the Treasury, the Department of Health and Human Services, and the Internal Revenue Service to end the illegal enforcement of the Affordable Care Act’s employer mandate… More

The ERISA Industry Committee (ERIC) submitted testimony to the Pennsylvania State Senate in support of Senate Bill 780 (S. 780)… More

ERIC has settled its lawsuit against the Oregon Retirement Savings Board (OSRB). ERIC sued the OSRB last October for violating the Employee Retirement Income Security Act of 1974 with the employer reporting requirement imposed by its state-run mandatory retirement plan, OregonSaves… More

ERIC has asked the Connecticut General Assembly Joint Committee on Public Health to eliminate provisions in House Bill 5299 that would artificially inflate the cost of telemedicine by imposing government requirements on reimbursement rates… More

On behalf of The ERISA Industry Committee (ERIC), thank you for accepting testimony from interested stakeholders as you explore opportunities to expand and improve the delivery of health care through telemedicine in Pennsylvania… More

The ERISA Industry Committee (“ERIC”) appreciates the opportunity to submit written testimony for Assembly Bill 1827 (“A1827”), which would provide paid sick leave to employees in New Jersey… More

On behalf of The ERISA Industry Committee (ERIC), thank you for accepting input from interested stakeholders as you explore ways to stabilize New Jersey’s individual health insurance market through a reinsurance program… More

On behalf of The ERISA Industry Committee (ERIC), thank you for accepting input from interested stakeholders as you explore ways to stabilize New Jersey’s individual health insurance market through a reinsurance program… More

ERIC has asked the Connecticut General Assembly Joint Committee on Public Health to eliminate provisions in House Bill 5299 that would artificially inflate the cost of telemedicine by imposing government requirements on reimbursement rates… More