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Provisions relating to the transparency of the employee health insurance scheme in the Consolidated Appropriations Act
Monday, December 28, 2020 The 2021 Consolidated Finance Law (CAA), which was enacted on December 27, 2020, includes provisions to increase the transparency of employee health benefit plans in four key areas. Removal of gag clauses on price and quality information Section 201 of the CAA amends the Employees Retirement Income Security Act (ERISA), the …
The Hilb Group, LLC acquires Plan Benefit Services, Inc.
RICHMOND, Virginia., December 18, 2020 / PRNewswire / – The Hilb Group, LLC (“THG”) today announced that it has acquired Caroline from the southPlan Benefit Services, Inc. (“PBSI”). The transaction became effective on December 1, 2020. Plan Benefit Services, Inc. is an independently owned and operated employee benefits consulting, management and brokerage company since 1986. …
Generational Equity advises Plan Benefit Services on its sale to The HILB Group
DALLAS – (COMMERCIAL THREAD) – Generational Equity, a leading M&A advisor for private companies, is pleased to announce the sale of its client, Plan Benefit Services, Inc. to the HILB group. The acquisition closed on December 8, 2020 and details were not disclosed. Plan Benefit Services, Inc. (PBS) is an employee benefits consulting, management and …
DOL Benefit Plan Shareholder Proxy Voting Rule
Related practices and jurisdictions Monday, December 14, 2020 On December 11, 2020, the United States Department of Labor (“DOL”) announced a final rule establishing a regulatory framework for trustees of private benefit plans to follow when exercising shareholder rights, including voting by proxy, and select and monitor proxy advisory firms. . The DOL said the …