Resources

Legal & Compliance

  • Overview of Employment Leave Laws Employers may provide their employees with various types of paid or unpaid leave as part of their overall compensation package,… Date:   Monday, March 29, 2021   ·   Source:   HANYS Benefit Services
  • COBRA Subsidy Provisions of the American Rescue Plan Act The American Rescue Plan Act (ARPA), signed into law March 11, 2021, provides a 100% subsidy of premiums for employer-sponsored… Date:   Thursday, March 25, 2021   ·   Source:   HANYS Benefit Services
  • The American Rescue Plan Act — Pension Relief On March 11, President Joe Biden signed the American Rescue Plan Act. This $1.9 trillion coronavirus relief bill includes provisions… Date:   Friday, March 19, 2021   ·   Source:   HANYS Benefit Services
  • The case for an operational review of your 403(b) plan Why now? The plan sponsor community has been woefully unprepared to meet the increased scrutiny of 403(b) plan operations by the… Date:   Tuesday, August 11, 2020   ·   Source:   HANYS Benefit Services
  • The DOL expands rules on e-delivery of participant notices As described in our previous article on participant notices, plan sponsors of qualified retirement plans must routinely provide… Date:   Monday, June 15, 2020   ·   Source:   HANYS Benefit Services
  • You’ve Been Put on Notice As we enter the fourth quarter of 2019, it’s important for sponsors of calendar year retirement plans to be mindful of certain… Date:   Tuesday, November 5, 2019   ·   Source:   HANYS Benefit Services
  • Taxability of Disability Benefits Many employers provide disability benefits to their employees as part of a comprehensive employee benefits package. Disability… Date:   Tuesday, May 15, 2018   ·   Source:   HANYS Benefit Services
  • 2018 Retirement Services Compliance Calendar and Notices Reminder HANYS Benefit Services wants to help you stay compliant with the 2018 Retirement Services Compliance Calendar and Notices Reminder . … Date:   Thursday, February 1, 2018   ·   Source:   HANYS Benefit Services
  • DOL Delays Fiduciary Rule On Monday, November 27, 2017, the Department of Labor (DOL) announced that some key provisions of the fiduciary rule will be extended for… Date:   Monday, December 4, 2017   ·   Source:   HANYS Benefit Services
  • 7 Ways to Mitigate Retirement Plan Fiduciary Liabilities 1. Document all decisions— Appoint a secretary to take notes on all actions and decisions. 2. Hold retirement plan committee… Date:   Thursday, November 9, 2017   ·   Source:   HANYS Benefit Services
  • Retirement Plan Administration Best Practices Retirement plan sponsors have a difficult challenge: balancing the desire to offer a valued and valuable retirement plan to their… Date:   Tuesday, October 17, 2017   ·   Source:   HANYS Benefit Services
  • Fiduciary Responsibilities: ERISA Standards of Conduct Act solely in the interest of plan participants — This may seem obvious, but you cannot prioritize your board, president, or local… Date:   Tuesday, September 26, 2017   ·   Source:   HANYS Benefit Services
  • Q2 Retirement Market Recap - Stocks and Bonds Advance Again in the 2nd Quarter As of June 30, 2017 U.S. equities advanced for the seventh consecutive quarter, with the S&P 500 Index gaining 3.09% in the… Date:   Tuesday, August 8, 2017   ·   Source:   HANYS Benefit Services
  • Webinar: Pension Risk Transfer: Why Now? Healthcare finance executives are faced with many challenges. One such challenge is managing the… Date:   Friday, April 21, 2017   ·   Source:   HANYS Benefit Services
  • 2017 Retirement and Employee Benefits Compliance Calendar HANYS Benefit Services wants to help you stay compliant with our  2017 Retirement and Employee Benefits Compliance Calendar . … Date:   Thursday, February 16, 2017   ·   Source:   HANYS Benefit Services
  • Remedial Amendment Period for §403(b) Plans Sponsors of 403(b) plans, both those subject to the Employee Retirement Income Security Act (ERISA) and non-ERISA plans, were required… Date:   Monday, February 6, 2017   ·   Source:   HANYS Benefit Services
  • Key Retirement and Employee Benefits Compliance Reminders for February Due February 28th Paper filing of Form 1099-R to IRS for distributions made in 2016. Section 6055 Reporting - Forms 1094-B and… Date:   Wednesday, February 1, 2017   ·   Source:   HANYS Benefit Services
  • Q4 Retirement Market Recap - Post Election Rally The 2016 U.S. general election was an unusually dramatic event for investors, most of whom were expecting the Democrats to hold the… Date:   Tuesday, January 24, 2017   ·   Source:   HANYS Benefit Services
  • Understanding Your Retirement Plan Fee Methodology Understanding your retirement plan’s fees is not only a good practice; it’s a fiduciary requirement as prescribed by the U.S. Department… Date:   Thursday, January 19, 2017   ·   Source:   HANYS Benefit Services
  • 8 Questions Plan Sponsors Should Ask About Adding a Roth Feature 1. What is a Roth? According to the  2015 PLANSPONSOR Defined Contribution Survey , 62% of all defined contribution plans,… Date:   Monday, November 7, 2016   ·   Source:   HANYS Benefit Services
  • 2016 Employee Benefits Survey Offers Insight into Cost and Compliance Challenges HANYS Benefit Services’ 2016 Employee Benefits Survey, Understanding the Strategic Value of Health Benefits , highlights the need to take… Date:   Thursday, October 20, 2016   ·   Source:   HANYS Benefit Services
  • Register for our live webinar: Retirement Plan Law Suits on the Rise A number of prestigious colleges and universities, including… Date:   Monday, October 10, 2016   ·   Source:   HANYS Benefit Services
  • UPDATED REPORT! Report Offers Steps for Building an Optimal Retirement Plan Investment Menu A retirement plan’s overarching goals are to help participants accumulate wealth during their years of employment and to provide them… Date:   Monday, October 3, 2016   ·   Source:   HANYS Benefit Services
  • Understanding Custom vs. Proprietary Target Date Funds Target date funds (TDFs) are characterized as either proprietary or custom. The U.S. Department of Labor encourages plan fiduciaries… Date:   Monday, September 12, 2016   ·   Source:   HANYS Benefit Services
  • Guidelines for Reviewing Target Date Funds In 2013, the U.S. Department of Labor’s Employee Benefits Security Administration issued tips intended to help plan sponsors select… Date:   Tuesday, August 23, 2016   ·   Source:   HANYS Benefit Services
  • Using Target Date Funds as a QDIA The Pension Protection Act of 2006 (PPA) encouraged employers to adopt automatic enrollment features for their participant‐directed plans… Date:   Wednesday, August 10, 2016   ·   Source:   HANYS Benefit Services
  • Fiduciary Checklist for Target Date Fund Decisions As target date funds continue to garner a significant portion of retirement plan assets, it becomes increasingly important for plan… Date:   Wednesday, July 20, 2016   ·   Source:   HANYS Benefit Services
  • Establishing a High Performing Investment Committee for Corporate Retirement Plans Survey participants’ responses in our Retirement Survey Report varied widely as to how often their investment committee met to… Date:   Thursday, January 7, 2016   ·   Source:   HANYS Benefit Services
  • Best Practices for Setting Up An Investment Committee for Corporate Retirement Plans In our 2014 Retirement Survey Report , about 79% of survey participants said they have an investment committee. Given a complex… Date:   Tuesday, December 22, 2015   ·   Source:   HANYS Benefit Services
  • Using an Independent Investment Advisor for Corporate Retirement Plans Best practices underscore the value of using an independent advisor with regard to developing, implementing, and overseeing a… Date:   Thursday, December 10, 2015   ·   Source:   HANYS Benefit Services
  • Reminder Dates for Plan Participant Notices As we approach year end, now is the time to handle the distribution of annual participant notices as required by ERISA. HANYS… Date:   Tuesday, November 17, 2015   ·   Source:   HANYS Benefit Services
  • IRS Releases Plan Contribution Limits for 2016 The Internal Revenue Service (IRS) has recently released the contribution limits on Qualified Retirement Plans for 2016. HANYS… Date:   Monday, November 2, 2015   ·   Source:   HANYS Benefit Services
  • New IRS Resource helps Employers Understand the Health Care Law The new ACA Information Center for Applicable Large Employers page on IRS.gov features information and resources for employers of… Date:   Thursday, September 24, 2015   ·   Source:   HANYS Benefit Services
  • Q2 Retirement Market Recap The 1972 Stealers Wheel song, “Stuck in the Middle with You” comes to mind when you look at the U.S. economy and stock market in the… Date:   Wednesday, August 26, 2015   ·   Source:   HANYS Benefit Services
  • Supreme Court Ruling Highlights Importance of Fiduciary Responsibility The recent U.S. Supreme Court ruling in Tibble vs. Edison has been described as “historic,” “ground-breaking,” and even “revolutionary.”… Date:   Monday, June 22, 2015   ·   Source:   HANYS Benefit Services
  • Department of Labor Announces Changes for Form 5500 for 2014 Although the filing date for Department of Labor Form 5500 – Annual Return/Report for Employee Benefit Plans – is still several months… Date:   Tuesday, January 20, 2015   ·   Source:   HANYS Benefit Services
  • Human Resources Conference - Apr 23 - 24, 2015 REGISTER TODAY HANYS Benefit Services Human Resources Conference Embrace, Engage, Elevate:  Leading High-Performing Talent… Date:   Thursday, January 15, 2015   ·   Source:   HANYS Benefit Services
  • IRS Releases Retirement Plan Contribution Limits for 2015 The Internal Revenue Service (IRS) has recently released the contribution limits on Qualified Retirement Plans for 2015. HANYS… Date:   Monday, October 27, 2014   ·   Source:   HANYS Benefit Services
  • Survey Reveals High Level of Uncertainty Among Plan Administrators HANYS Benefit Services’ 2014 Retirement Plan Survey uncovers significant uncertainty among employers about retirement plan… Date:   Friday, October 24, 2014   ·   Source:   HANYS Benefit Services
  • Automatic Features in Defined Contribution Plans According to the 2014 Retirement Plan Survey conducted by HANYS Benefit Services, approximately one-half of the responding retirement… Date:   Wednesday, October 22, 2014   ·   Source:   HANYS Benefit Services