DOL and industry groups release model s. 401(k) fee disclosure form

Article Abstract:

This article concerns the model form issued July 15, 1999 by the U.S. Labor Dept. and private industry organizations which is intended to aid small 401(k) plan sponsors to organize and compare fee schedules of plan service providers. The voluntary disclosure form has four schedules which sponsors may use and which they may chose to provide to plan participants.

Employee Benefits & Services, Services, Human resource management, Employee benefits, Salary reduction savings plans, 401K plans, Professional fees

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IRS issues final regulations concerning the grandfathering of qualified long-term care contracts and consumer protection issues

Article Abstract:

The IRS has issued final regulations which were promulgated in accordance with changes made by the Health Insurance Portability and Accountability Act of 1996 to Tax Code provisions concerning long-term care insurance contracts. The regulations address issues regarding grandfathering of contracts, including what practices constitute issuance of a new contract.

Insurance, Insurance Carriers and Related Activities, INSURANCE CARRIERS, Laws, regulations and rules, Tax administration and procedure, Tax administration, Long-term care insurance, Long term care insurance

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