Compliance Recap // November 2016 - Bim Group

Recent Insights

March 18, 2024
News

Bim Group named one of the 2024 Best Places to Work in Kentucky!

Bim Group is honored to be named a Best Place to Work (BPTW) in Kentucky for the 19th year in a row! It truly never gets old and we are extremely proud of our perennial recognition as a “Best Place to Work” employer – a designation bestowed on our company by our employees. We have a unique […]
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March 11, 2024
News

Insurers Are Not Obligated to Inform Terminated Employees of their Life Insurance Conversion Rights

READ TIME: 5 MINUTES A recent case in an Indiana federal court serves as a reminder to employers that insurers are generally not obligated to inform terminated employees of their conversion rights. In Estate of Maribeth Presnal v. Dearborn National Life Insurance Company et al (the “Presnal Case”), the district court affirmed that insurers do […]
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March 11, 2024
Webinar

Webinar: Qualifying Events and Special Enrollment Periods ​

Tuesday, April 9, 2024 1 – 2PM CST Register Now Registration Code:UBA410EW   Attend this month’s webinar to learn how the Internal Revenue Service (IRS) regulates employee benefit contribution levels and the timing of enrollment elections. Gain insights into: The irrevocable nature of plan elections The tax-favored account enrollment changes allowed by the IRS​ ​Avoiding […]
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March 11, 2024
Compliance Alert, DOL

DOL Announces 2024 Penalties for Benefit Plan Compliance Errors

READ TIME: 5 MINUTES Since 2015, federal agencies have been required to annually review the laws and regulations they enforce to adjust applicable penalties for inflation. These adjustments, or so the theory goes, provide higher incentives for plan sponsors to ensure their benefit plans and programs remain compliant. Specifically, the U.S. Department of Labor (DOL) […]
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