News

Following a successful pilot program, New York employers with 10 or more employees that do not already offer a qualified retirement plan will now be able to provide their employees the opportunity to save for retirement at work.

Beginning Jan. 1, employers can choose between two methods for calculating the credit -- a wages-paid method or a newly introduced premium-based method.

PBMs predict the new law will increase costs at fully insured plans by $1,800 per enrollee per year.

The chamber also sent the House a bill that would add two ESOP reps to the ERISA Advisory Council.

The government health program fights in Washington could hit small employers hard, because government programs provide health benefits for 19% of their workers.

The federal government could cut the full retail price of some prescription drugs if it sets up a web-based drug outlet mall, but "TrumpRx.gov" could also create new problems for employers, warns legal experts.