Disclosure of Benefits HR Policies & Procedures

Disclosure of Benefits Policy

Although employers are not required by law to provide most types of benefits, organizations choose to do so for sound business reasons. Many benefits that employers provide are governed by the federal Employee Retirement Income Security Act (“ERISA”).
 
While we don’t have an expertise in benefits, we try to provide general information regarding ERISA disclosure requirements such as summary plan descriptions and annual reports, types of benefits such as cafeteria plans, and HIPAA requirements.
 
Topics in this policy include:

· ERISA Disclosure Requirements
· Why Employers Offer Benefits
· Types of Benefits
· Benefits Planning
· Employee Eligibility
· Binding Documents
· Plan Administrator
· Explaining the Value of Benefits
· Beneficiary Designations
· Benefits Policies
· Disclosure Requirements
· Amendment or Termination of Employee Plans
· Discretionary Authority of Plan Administrator
· Employee Benefits and Federal Discrimination Laws
· Employee Eligibility Requirements
· Examination of Plan Documents
· Reporting and Record Retention Requirements
· Privacy of Employee Medical Information
· Summary Plan Description
· Updated Summary Plan Description
· Material Modifications to the Plan
· Summary of Latest Annual Report
· Administrator Responsibility and Liability
· Complete Copies
· Accrued Benefits
· Deferred Vested Benefit
· Notice of Benefit Forfeitability
· Rollovers of Pension Distributors
· Tax Withholding on Rollover Distributions
· Deductions from Paychecks
· Tax Deductibility of Benefit Plans
· Denial of Claims
· Continued Health Insurance Coverage
· HIPAA Certificate Requirements

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A note regarding copyright:
Our policies are intended to help organizations create their own personnel policies or handbooks for distribution internally. Accordingly, you may use the Model Policies verbatim or modify them to suit the culture of your organization. Since the policy is copyrighted, we are making a special exception for this particular use. However, the policies may not be used to create or update policies for any organization other than the one buying the policy. In other words, you can’t create policies or handbooks to offer to other organizations, either for profit or free of charge. This would be considered a direct violation of our copyright.

For phone orders, call Personnel Policy Service toll-free at 800-437-3735.
 
Personnel Policy Service, Inc.
159 St. Matthews Avenue, Suite 5
Louisville, KY 40207
 
Ph: 800-437-3735
Fax: 800-755-7011
Website: www.ppspublishers.com