Monthly Archives: November 2013

Document Retention for ERISA Plan Sponsors

ERISA has two provisions that concern record retention. First, ERISA §107 requires anyone who files or certifies certain information (i.e. a Form 5500) to maintain sufficient records to explain, corroborate, substantiate and clarify the information contained in the filing or certification. Continue reading

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Posted in Executive Benefits, Non Qualified Retirement Plans, Qualified Retirement Plans, Retirement, Retirement Plans

Social Security’s Real Retirement Age is 70

Benefits claimed before 65 were actuarially reduced, so that those who claimed at 62 and those who claimed at 65 could expect to receive about the same total amount in benefits over their lifetimes. Continue reading

Posted in Executive Benefits, Qualified Retirement Plans, Retirement, Retirement Plans | Tagged ,

The ObamaCare lessons in a cancer patient’s cancelled insurance

Mrs. Sundby’s seven years of gallbladder cancer treatment have been underwritten by a policy known as preferred provider organization coverage, or a PPO, from UnitedHealthcare. Continue reading

Posted in Health, Health & Welfare, Health Reform | Tagged ,

Healthcare Credits Reach Middle Class

Individuals earning nearly $46,000 a year and families of four earning $94,000 may be eligible for federal tax credits under the new health care law. Continue reading

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IRS Allows Carryover of Up to $500 for Health FSAs

Under the new carryover rule, employers may amend their cafeteria plans to allow carryover of up to $500 in unused health FSA amounts from one plan year to the next Continue reading

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New Models of Primary Care Could Ease U.S. Physician Shortage

Much of the shortage of primary care physicians expected over the next decade could be eliminated if the nation increases use of new models of medical care that expand the role of nurse practitioners and physician assistants Continue reading

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IRS Announces Benefit Limits for 2014

The IRS has announced benefit plan limits for 2014 Continue reading

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