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ERISA & Employee Benefit Plans

MONDRESS MONACO PARR LOCKWOOD PLLC

MMPL is a Seattle, Washington law firm of highly skilled attorneys representing ERISA and employee benefit plans and trust funds, their sponsors, fiduciaries and trustees, and institutional service providers throughout the Pacific Northwest and nationwide. Since the firm’s entire practice is concentrated on employee benefits law, we offer comprehensive and experienced tax, fiduciary and trust, ERISA compliance, and litigation counseling. Learn more.

Legal Developments Impacting Health & Welfare Plans – 2021 Year-End Update

Click here for a printer-friendly version. Various regulations and guidance from the HHS, DOL, and the Department of Treasury (the Departments) address implementation of the surprise billing rules and transparency regulations under the Consolidated Appropriation Act, 2021 (CAA), which include a delay on enforcing certain requirements, such as advance explanations of benefits and prescription drug pricing disclosures. For more information on the enforcement delays, see our article. The Departments confirmed that plans may offer a premium discount for receiving [...]

Legal Developments Impacting Retirement Plans – 2021 Year-End Update

Click here for a printer-friendly version. In addition to COVID-19 relief provisions, the American Rescue Plan Act (ARPA) enacted in March provided funding relief for multiemployer and single-employer pension plans. The multiemployer plan relief includes: Estimated $90+ billion in financial assistance grants to plans projected to become insolvent by 2051 (using specialized actuarial calculations), Optional accounting adjustments to extend the period for recognition of recent investment losses, and Extensions of time for plans to complete legally required funding improvement [...]

Delayed Enforcement of Various Health Pricing Transparency Rules

  On August 20, 2021, the Departments of Labor, Health and Human Services, and the Treasury (collectively, “the Departments”) issued a series of FAQs on certain surprise billing and transparency provisions of the Consolidated Appropriations Act, 2021 (“CAA”) and the 2020 Transparency in Coverage regulations (“TiC”). Pursuant to the FAQs, enforcement of the following TiC and CAA deadlines is deferred or on hold for group health plans: Posting of three machine-readable data files (TiC) Original deadline: For [...]