About Jim Prince
Jim Prince is an employee benefits/ERISA attorney with the McAfee & Taft law firm. He has extensive experience in representing clients, including employee benefit plans, in matters involving the Internal Revenue Service and the Department of Labor. He has also represented collectively bargained multiemployer plans subject to the Taft-Hartley Act.
Jim’s experience and expertise have earned him inclusion in The Best Lawyers in America and Oklahoma Super Lawyers. He is also an inactive certified public accountant and frequent speaker at seminars and conferences on employee benefit related topics.
The U.S. Department of Health and Human Services recently released its final regulations – also known as the “Final Rule” or “Omnibus Rule” – modifying the privacy, security, breach notification and enforcement rules associated with the Health Insurance Portability and Accountability Act of 1996 (HIPAA). Employers have until September 23, 2013, to comply with the new requirements.
While the timeline for health care reform calls for a phasing in of its key initiatives and compliance measures over several years, employers who provide health plan benefits—and particularly those who offer open enrollment during the fall—should already be prepared for three requirements set to take effect in the coming weeks and months.
On February 2, 2012, the U.S. Department of Labor (DOL) announced a three-month extension to the effective date of the new fee disclosure regulations related to ERISA-covered retirement plans. Prior to this extension, service providers were required to comply with the new disclosure requirements as of April 1, 2012, and plans were required to comply [...]
The Internal Revenue Service announced today the dollar limitations affecting retirement plans. The following reflect the changes in the dollar limitations for significant retirement plan issues: