• Employers, labor groups unite to oppose 40% tax on health benefits

    The American Benefits Council and a diverse group of public and private sector employers, unions and other organizations have launched The Alliance to Fight the 40, a coalition to repeal the 40 percent tax on health benefits, the so-called "Cadillac tax."

    For more information on the 40 percent tax on health benefits, visit the Alliance to Fight the 40's website at www.fightthe40.org or follow us on Twitter @Fightthe40.

  • Council to DOL: Proposed fiduciary rules at odds with plan sponsor efforts

    The American Benefits Council testified at an August 13 hearing that the U.S. Department of Labor's redefinition of who assumes 'fiduciary' responsibilities under ERISA seems at odds with employer efforts to facilitate employee engagement. "Plan sponsors are trying to enhance employee education and encourage participant engagement in their benefit programs," Lynn Dudley said. "The new rules will generate uncertainty, cost and potential liability."

    For more information, see the Council's news release and comprehensive written comments to DOL.

  • For members only: Updated Benefits Blueprint summary of PPACA 40% Excise Tax

    Now available on the Council website for members only is an updated Benefits Blueprint reviewing the statutory requirements as well as IRS Notice 2015-16 on the 40 percent excise tax imposed on high-cost health coverage under the Patient Protection and Affordable Care Act (PPACA). A companion document, with answers to certain "Frequently Asked Questions" regarding the excise tax, is also available.

    Working with the Administration and Congress to reduce the impact of the excise tax on employers remains a top priority for the Council.

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The American Benefits Council's mission is to be the most effective advocate of employer-sponsored benefit programs in Washington, D.C. Our members either sponsor directly, administer or service retirement, health and stock compensation plans covering more than 100 million Americans. Click below for more information about membership.