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Health care experts from Hewitt Associates believe that, despite the extra administrative and cost burden on U.S. employers, few companies will eliminate their existing mental health and substance abuse benefits as a result of new federal mental health parity regulations. Instead, most organizations will choose to modify their plans to comply with the new rules.
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The International Foundation of Employee Benefit Plans is once again leading the celebrations for the annual National Employee Benefits Day.
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Despite the uncertainty of health care reform, most U.S. employers say they are continuing to make investments today that will improve the long-term health and productivity of their workforce, according to a new survey by Hewitt Associates.
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CCH has created a new Twitter account to keep you current and well-informed on the latest developments in pension and benefits law. Tweets include links to this NetNews, our Health Reform Talk blog, cases of note and other breaking news. Follow us on Twitter at http://twitter.com/CCHBenefitsTalk.
The Senate has passed H.R. 4213 (American Workers, State and Business Relief bill), which contains pension funding relief and rules allowing distributable 401(k) account balances to be converted to Roth accounts within the 401(k) plan.
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EBSA advised that a traditional annuity sponsored by TIAA-CREF did not constitute an allocated insurance contract for purposes of the Form 5500 annual reporting requirements.
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EBSA has obtained a court order appointing an independent fiduciary of the 401(k) plan of a defunct company formerly located in Cherry Hill, New Jersey.
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