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About NEEBCo

New England Employee Benefits Company (NEEBCo) is a leading employee benefits and insurance firm that combines advanced technology and responsive, personalized service to provide tailored market analysis and custom funding solutions for employers and employees.

Recent News from NEEBCo

DOL Withdraws Worker Classification Guidance

On June 7, 2017, the U.S. Department of Labor (DOL) withdrew a 2015 administrative interpretation on classifying workers as employees or independent contractors. The withdrawal became effective immediately.
Employers are still required to properly classify workers as employee or independent contractors. By withdrawing the 2015 guidance, the DOL is returning to more reliance on existing …

Church-Affiliated Plans Exempt from ERISA

On June 5, 2017, the U.S. Supreme Court issued a decision holding that an employee benefit plan may be exempt from the Employee Retirement Income Security Act (ERISA) as a “church plan” even if a church did not establish it. The court held that the ERISA exemption for church plans applies to certain organizations that …

2018 ACA Affordability Percentages

For plan years beginning in 2018, the ACA’s affordability contribution percentages are reduced to:

9.56 % under the pay or play rules
9.56 % under the premium tax credit eligibility rules
8.05 % under an exemption from the individual mandate.

These updated affordability percentages are effective for taxable years and plan years beginning …