Woodruff Sawyer

🚨 Compliance Alert: The DOL, IRS, and HHS have issued a final rule for the Mental Health Parity and Addiction Equity Act, effective January 1, 2025. This comprehensive update clarifies definitions, establishes stringent solidifies content requirements for non-quantitative treatment limit comparative analysis, and mandates require ERISA plans to obtain certification from fiduciaries regarding the selection of qualified service providers for comparative analysis documentation. The alert provides a detailed overview of the Final Rule and outlines crucial steps for plan sponsors to ensure compliance with these new regulations. https://lnkd.in/eX8BBbR6 #wsinsights #ComplianceAlert #MentalHealthParity #AddictionEquityAct

A Delaware Chancery Court judge likened SPAC litigation to an anaconda digesting prey, reflecting the court's skepticism of these investment vehicles. The metaphor, as reported by Reuters' alison frankel, underscores the complex and protracted nature of SPAC disputes that come before this influential court. Quoting SPAC expert Yelena Dunaevsky from her Takeaways from the 2024 SPAC Conference, if there’s a boom in new SPACs, the vehicle is predicted to be a Cayman Islands incorporation. https://lnkd.in/gmp_gSNm #wsinthenews #Reuters #CaymanIncorporation #SPAC

What if you could work faster, stay organized, and easily communicate with your benefits teams? Woodruff Sawyer's WS Connect platform does just that - find plan docs fast, know carrier contacts, view details quickly, get real-time updates, and onboard new hires faster. A better way starts today. 👉 https://lnkd.in/eMTrxbRG #contactus #EmployeeBenefits #WSConnect #BenefitsManagement

In this Whiteboard Breakdown, D&O expert Priya Cherian Huskins introduces Kidnap and Ransom (K&R) insurance. The discussion highlights the increasing demand for K&R policies due to global turmoil and the expansion of corporations internationally. K&R insurance provides coverage for various scenarios, including personal and business travel, hijacking, and threats from political unrest. However, it does not cover cyber extortion, abduction without ransom demands, or legal violations. The importance of having experts ready during crises is emphasized, along with the need for discretion regarding the existence of K&R insurance. To learn more about Kidnap and Ransom Insurance, visit our website: https://lnkd.in/gAxegDvg #whiteboard #KidnapAndRansomInsurance #KRI #DOnotebook

We are pleased to announce Dino Edwards as the new Chair of our Women @ Woodruff Sawyer ERG. With 18 years of insurance industry experience and a proven track record in learning and development, Dino brings valuable expertise to the ERG. We look forward to the positive impact Dino will make in advancing women's empowerment and professional growth at Woodruff Sawyer. Please join us in welcoming Dino to this important position. #celebrate #DEIB #WomenAtWoodruffSawyer #WomensERG

We are proud to announce that Priya Cherian Huskins has been recognized as an honoree of the 2024 NACD Directorship 100™ Awards. This esteemed accolade acknowledges leading corporate directors and governance experts who drive excellence in corporate performance. We invite our community to join us in celebrating Priya's achievement. Congratulations! https://lnkd.in/e7_YVc2Y #2024Directorship100 #CorporateGovernance #award

Workers' compensation psych claims present unique challenges for employers due to the subjective nature of stress and individual coping mechanisms. Workers' Comp specialist Debbie Hammer, MS, ARM offers essential guidance for navigating these complex issues, providing insights on recognizing legitimate claims, understanding benefits for genuine cases, and effectively addressing questionable claims. We also explore strategies for employers to mitigate stress claim filings, emphasizing the importance of a proactive approach. https://lnkd.in/eu-X2MaY #wsinsights #PCnotebook #PsychClaims #WorkersComp

Underwriters' Weigh In survey reveals surprising and not surprising findings, providing insight into current trends that can be found in the D&O Looking Ahead to 2025 Guide. Download your copy of the Guide to discover what Underwriters are telegraphing for 2025: https://lnkd.in/ejg3aba2 #wsevent #DOlookingahead2025

Woodruff Sawyer proudly congratulates Kristina Keck on her recognition as a 2024 NAPA Top Women of Excellence in the Captains category. This prestigious award acknowledges Kristina's outstanding contributions to the growth and development of our organization and the retirement industry at large. The NAPA Top Women of Excellence Awards celebrate women who drive excellence in the retirement industry. Kristina's selection in the Captains category highlights her role as a principal, leader, and producing advisor who consistently demonstrates excellence in retirement planning. https://lnkd.in/ezaPCrw6 #celebrate #NAPATopWomenOfExcellence #RetirementPlanning National Association of Plan Advisors

🚨 Compliance Alert: The IRS has released their 2025 adjustments of certain benefit plan limits for 2025. ✔️ The contribution limit for health FSAs increases to $3,300 (an increase of $100), with a carryover limit of $660 for plan years beginning in 2025. ✔️ The contribution limits for qualified commuter parking and mass transit passes increase to $325 each per month for 2025 (an increase of $10). Discover more: https://lnkd.in/e5dfK8NT #wsinsights #ComplianceAlert #FSA #ContributionLimit #EmployeeBenefits