The U.S. Department of Labor (DOL) final regulations concerning disability claims are now effective as of April 2, 2018. These final regulations change the procedural requirements to protect and safeguard claims for disability under both group health plans and retirement plans. See our prior posts for what this means for your plans. You can find a complete explanation of the regulations at https://www.gpo.gov/fdsys/pkg/FR-2016-12-19/pdf/2016-30070.pdf.
In response, the various templates on the DocsEngine for Pensions system have been updated to reflect the DOL's Final Disability Regulations. As with all DocsEngine for Pensions updates, there is no need for you to take any actions to install or download the update. You will be using the new updated content when you next log in to the system to create a plan or summary plan description.
What is New in this Release?
The following plan types have been updated to reflect the DOL's Final Regulations:
PPA NS Prototype 401(k)
PPA NS Prototype Profit Sharing
PPA NS Prototype Money Purchase
PPA Volume DC (Adoption Agreement)
PPA Volume DC (Contract)
EGTRRA Volume DB Plan
Have a Question or Need Information?
As always, if you have any questions on this new update, feel free to contact us at 877-346-5994 or email@example.com.
I'm busy working on my blog posts. Watch this space!