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Quick Tip: Medical Loss Ratio (?Ç£MLR?Ç¥) Rebate as Compensation under the Retirement Plan

Many employers received rebates from their insurance companies this year under the Patient Protection and Affordable Care Act.?á Any employers that returned all or a portion of the rebate to participants should (i) review the definition of ?Ç£compensation?Ç¥ for their qualified retirement plans to determine whether the rebate amount would be ?Ç£compensation?Ç¥ for purposes of the plan; and (ii) work with their payroll departments or outside payroll providers to ensure that these rebate amounts are properly coded for retirement plan purposes.

The lawyers of our Employee Benefits and Executive Compensation Practice Group are readily able to assist companies on a nationwide basis with implementing sophisticated benefit plans and providing answers to their most challenging compensation issues. Additionally, our lawyers are well aware of the daily employee benefits challenges facing companies of all sizes and are capable of helping in-house lawyers and human resources personnel with the day-to-day advice and guidance necessary to properly administer employee benefits plans.

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