Federal agencies have put out new help for employers that offer pension-linked emergency savings accounts (PLESAs) to non-highly compensated employees.
A new rule from the US Department of Labor clarifies that fiduciaries may look at the economic effects of climate change and other ESG considerations on a particular investment or investment course of action.
This guide provides an overview of federal recordkeeping and retention requirements related to employee benefits. It includes records covered by the Employee Retirement Income Security Act (ERISA), the Consolidated Omnibus Budget Reconciliation Act (COBRA), the Health Insurance Portability and Accountability Act (HIPAA), the Family and Medical Leave Act (FMLA) and the Affordable Care Act (ACA). Recordkeeping for Employee Benefit Purposes addresses federal requirements only and does not include state or local guides.
Employers seeking to advise employees of any retirement benefits offered to employees as part of their overall benefits package should consider including this model policy statement in their handbook.