While the new Labor Department rules further defining conflicts of interest in investment advice have evolved significantly, The ERISA Industry Committee (ERIC) today, in a letter to the department, recommends changes to ensure that the new rule will not needlessly increase regulatory burdens and costs, and create uncertainty among plan sponsors, plan participants, and service providers
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ERIC Files Comments on Proposed EEOC Wellness Regulations
The ERISA Industry Committee (“ERIC”) is pleased to submit this response to the request for comments on proposed rulemaking regarding Title I of the Americans with Disabilities Act (“ADA”) as it relates to employer wellness programs. The request was published by the Equal Employment Opportunity Commission (the “Commission”) in the Federal Register on April 20, 2015.
Business Group Urges Washington to Withdraw New Health Insurance Rule
ERIC sent a letter to three federal agencies calling for the immediate withdrawal of a newly proposed ACA cost-sharing rule.
DOL Comment Letter on Fiduciary
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ERIC Urges Agencies to Withdraw New Rule on Out-of-Pocket Limits in Group Health Plans
Phyllis C. Borzi Assistant Secretary of Labor Employee Benefits Security Administration U. S. Department of Labor 200 Constitution Ave, NW, Suite S-2524 Washington, DC 20210 Kevin Counihan Director & Marketplace Chief Executive Officer Center for Consumer Information and Insurance Oversight Centers for Medicare and Medicaid Services Department of Health and Human Services 200 Independence Avenue, …
ERIC Comment Letter on 40% Excise Tax Under the Affordable Care Act
I know many of you have been on pins and needles waiting for us to file our comment letter regarding the 40% excise tax on health benefits. Well, here it is
PBGC Revised Request for Information Collection on De-Risking Transactions
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ERIC and Other Groups Urge DOL to Put on Hold Proposed Disclosure Guide until Focus Group Testing Complete
ERIC, in addition to 10 other business trade associations, sent a letter to the Department of Labor recommending that the Department put the proposed ERISA section 408(b)(2) “guide” on hold until forthcoming focus group testing is completed
ERIC Offers Recommendations to Treasury to Improve Hybrid Retirement Plan Rules
ERIC submitted to the Treasury Department and IRS recommendations to improve the most recent package of proposed and final regulations implementing the cash balance and pension equity plan provisions of the PPA.
ERIC Offers Recommendations on PBGC Information Collection Request on De-Risking Activities
ERIC sent a letter to the PBGC urging the agency to support plan sponsors’ efforts to maintain their defined benefit pension plans.