A Single Premium Immediate Annuity (sometimes referred to as an "SPIA") may be the right annuity for you if you are looking for payments that begin right away and continue for the rest of your life or for a specified period of time. The annuity is purchased from an insurance company ...
Definition of benefit plan by ERISA; Relationship between the managed care organization and health care providers; Restrictions on the public policy measures.GoodyearJustinEBSCO_AspColumbia Law ReviewGoodyear, J. (2001). What is an employee benefit plan?: ERISA preemption of ‘any willing provider...
What is an employee stock ownership plan? At its core, an ESOP is an ERISA-authorized retirement plan that invests in employee securities. Company stock is either issued or sold to an employee trust. As a result, ESOPs enable closely-held companies to sell equity, at an independent valuatio...
A voluntary employees’ beneficiary association (VEBA) plan is a tax-exempt trust typically funded by an employer to help employees pay for eligible medical expenses. This type of employee benefit program has waned in popularity over the years, though some employers still offer them. VEBA rules...
Such an annuity is referred to as a Secondary Market Annuity (SMA), where a contractual future cash flow is being sold by its owners in exchange for a lump sum today.There are elements of secondary market annuities which are similar to immediate annuities, for example, when the purchased ...
A pay-as-you-go pension plan is different from a pay-as-you-go funding formula. Current workers’ contributions are used to fund current beneficiaries. Social Security is an example of a pay-as-you-go program. Factoring in ERISA TheEmployee Retirement Income Security Act of 1974 (ERISA)is...
What is a defined contribution plan? What is considered an employee benefit plan under ERISA? What is the importance of contingency planning? What is the purpose of strategy in an organization? What does guarantor mean on a medical form? What is a Keogh plan? What is financial health? What...
What is a defined contribution plan? What is considered an employee benefit plan under ERISA? What are some of the advantages of bonus plan incentives? What is a cafeteria-style benefit plan? What are discretionary benefits? Define in-kind benefits ...
“For instance, the Employee Retirement Income Security Act (ERISA) and the Internal Revenue Code (IRC) require that FSAs meet reporting and disclosure requirements, such as written plan document and summary plan description requirements,” Christen said. ...
a self-insured (also referred to as “self-funded”) plan is one in which an employer, not an insurance company, funds the plan’s health benefits. Generally, federal law governs both fully-insured and self-insured plans; however, self-insured plans are not subject to state insurance regula...