Among the many challenges a plan sponsor faces is keeping plan operations current with operational requirements. Some requirements are mandatory for all plans, and others are required as a result of discretionary changes made by an individual employer plan to take advantage of legislative and regulatory changes.
Tag: Bipartisan Budget Act
One of the Affordable Care Act’s many (many) provisions required employers with 200 or more employees to automatically enroll employees into the employer’s lowest-cost healthcare plan if employees failed to either select a plan or opt out of coverage. That provision had not yet gone into effect, however, as enforcement was on hold pending the […]