The New York State Secure Choice Savings Program has released draft policies and procedures outlining how the program will operate, including employer participation requirements. The Council has recommended key changes focused on clarifying employer exemptions, refining administrative procedures, and aligning employee count rules with the enabling statute.
The American Benefits Council shows how the 340B drug pricing program is being manipulated by hospital systems and increasing health care costs for everyone in the health care system.
A new paper released today by the American Benefits Council shows how employers, working families and taxpayers are shouldering a significant cost of the 340B drug pricing program's expansion, while the program is failing to sufficiently benefit the vulnerable patients it was intended to serve.
"Employer-provided health, retirement and paid leave plans are vital to the well-being of many millions of Americans and their families," American Benefits Council President Katy Johnson said today. "We are proud to present a detailed strategic plan to protect, preserve and strengthen these critical workplace benefits over the next five years – and more immediately in the context of the tax and budget debates in the coming weeks."
DESTINATION 2030: A Roadmap for the Future of Employee Benefits is based on a set of longstanding, core values – including the importance of preserving the Employee Retirement Income Security Act of 1974 (ERISA) and the tax incentives supporting employer plan sponsorship.
DESTINATION 2030: A Roadmap for the Future of Employee Benefits is the American Benefits Council's long-term public policy strategic plan. Developed and overseen by the Council's Policy Board of Directors, this plan is designed to guide the Council's advocacy through the year 2030.
House letter in support of the Retirement Fairness for Charities and Educational Institutions Act, which would permit 403(b) plans--which function as a 401(k)-type plan for charities and public educational institutions--to invest in collective investment trusts (CITs) and unregistered insurance company separate accounts on the same basis as all other types of plans. The advantages are clear--less expensive investments.
On January 14, 2025, the U.S. Department of Labor's Employee Benefits Security Administration published final amendments to its Voluntary Fiduciary Correction Program (VFCP) and the corresponding exemption for prohibited transactions that are corrected through the VFCP, Prohibited Transaction Exemption 2002-51.
On January 10, the U.S. Treasury Department and Internal Revenue Service released proposed regulations that would provide guidance on the new automatic enrollment requirements in Internal Revenue Code Section 414A. Section 414A was added to the tax code by Section 101 of the SECURE 2.0 Act of 2022.
On January 6, the American Benefits Council sent a letter to the transition team for President-elect Donald Trump and Vice President-elect J.D. Vance, noting that the Council looks forward to working with new administration to support and protect the ability of employers to continue to offer high-quality, affordable health coverage.
On November 18, 2024, the U.S. Department of Labor released the final version of its voluntary information collection request that will be used to populate the Retirement Savings Lost & Found envisioned by Section 303 of SECURE 2.0, as codified in Section 523 of ERISA.
WASHINGTON, DC – U.S. voters overwhelmingly support extending pre-deductible telehealth coverage and oppose the taxation of employer-provided health care, according to election night polling results released today.
On November 7, the U.S. Department of Labor's Employee Benefits Security Administration, the U.S. Treasury Department and the Internal Revenue Service issued guidance and relief for employee benefit plans and participants impacted by Hurricane Helene, Tropical Storm Helene, and Hurricane Milton .
To better understand the value of ERISA preemption to large employers, the Employee Benefit Research Institute and the American Benefits Council conducted roundtable discussions with over a dozen benefits executives at large companies.
