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Group life insurance is perhaps the most common of the benefits provided by employers who sponsor employee benefit programs. Many times employees are given the opportunity to purchase supplemental coverage in addition to the employer-provided basic benefit. Administering a group life insurance plan is easy – right? It’s just a matter of enrolling the employee, …
Continue reading “Administration of Group Life Insurance – Not So Easy?”
Most plan administrators are familiar with a qualified domestic relations order or “QDRO,” which is used to split retirement plan benefits between a plan participant and an alternate payee, such as an ex-spouse or minor child. Even an experienced plan administrator may not be aware that a QDRO can also apply to a welfare benefit …
Continue reading “Surprise! A QDRO Can Apply to a Welfare Benefit Plan”