Supreme Court Allows Health Plans to Limit Dialysis Benefits
Society of Financial Service Professionals | January 25, 2023This past term, the Supreme Court issued a variety of impactful decisions in the health care arena, including some that affect coverage and reimbursement for health care services under federal programs, such as Medicare and Medicaid. Among these decisions is Marietta Memorial Hospital Employee Benefit Plan v. DaVita, a case about the intersection of Medicare......
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Supreme Court Rules on Retirement Plan Fiduciary Duty in Hughes v. Northwestern University
Society of Financial Service Professionals | January 26, 2023Among Congress’s policy priorities is safeguarding retirement income security for working Americans, retirees, and their families. In January 2022, the Supreme Court issued its decision in Hughes v.Northwestern University, a case concerning a plan fiduciary’s duty to control retirement plan fees and manage a plan’s investment lineup under the Employee Retirement Income Security Act (ERISA),......
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By the Numbers: The 2023 Indexed Retirement and Social Security Numbers
Society of Financial Service Professionals | January 27, 2023We present the 2023 indexed retirement and Social Security numbers in an easy-to-read table. Feel free to copy this table and keep it handy. RETIREMENT PLAN NUMBERS 2022 2023 Sec. 415 Limit for Defined-Benefit Plans Sec. 415(b)(1)(A) Maximum yearly benefit allowed is the lesser of 100% of the highest 3 years’ compensation or the indicated......
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Protect Your Employee Benefit Plan With An ERISA Fidelity Bond
Financial Executives International | February 01, 2023The Employee Retirement Income Security Act (ERISA) sets rules and standards of conduct for private sector employee benefit plans and those that invest and manage their assets. The provisions of ERISA, which are administered by the U.S. Department of Labor, were enacted to address public concern that funds of private pension and other employee benefit......
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Cybersecurity Program Best Practices
Society of Financial Service Professionals | February 01, 2023ERISA-covered plans often hold millions of dollars or more in assets and maintain personal data on participants, which can make them tempting targets for cyber-criminals....
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The Four Horsemen of the Mandated Return to Office for Finance Professionals
Society of Financial Service Professionals | March 20, 2023The financial services industry is leading the charge for return to office, suffering significant churn as a result. You need a plan to combat the resistance, attrition, active quitting…...
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Employee Retention Strategies: Employer-Funded Deferred Compensation
Society of Financial Service Professionals | May 23, 2023Employer-funded deferred compensation is a sophisticated concept that is established with a select group of key employees....
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5 Benefits of Multi-Life DI to Share with Your Business Owner Clients
Society of Financial Service Professionals | June 16, 2023Multi-life doesn't have to be complicated. When talking to business owners, keep it simple....
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CRS In Focus Report: The SBA’s Small Business Development Centers Program
Society of Financial Service Professionals | July 12, 2023This notice provides guidance in the form of questions and answers with respect to section 305 of Division T of the Consolidated Appropriations Act, 2023, Pub. L. 117-328, 136 Stat. 3559 (2022), known as the SECURE 2.0 Act of 2022 (SECURE 2.0 Act)....
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Guidance on Section 305 of the SECURE 2.0 Act of 2022
Society of Financial Service Professionals | July 12, 2023This notice provides guidance in the form of questions and answers with respect to section 305 of Division T of the Consolidated Appropriations Act, 2023, Pub. L. 117-328, 136 Stat. 3559 (2022), known as the SECURE 2.0 Act of 2022 (SECURE 2.0 Act), enacted on December 29, 2022....
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