ThomsonReuters
JULY 22, 2021
QUESTION: Our company is establishing a new health plan. How do we determine what plan number to assign to it? ANSWER: The number for your new plan will depend on whether your company maintains or has previously maintained another welfare plan. A plan number is a three-digit number that the plan sponsor assigns to differentiate a plan from other plans that it sponsors.
Essentials of Corporate Finance
JULY 22, 2021
In early 2020, COVID-19 lockdowns slowed the economy and resulted in a record dollar amount of debt being downgraded. By the end of the year, the default rate on corporate bond reached 6.8 percent. Now, with the economy recovering, corporations are becoming healthy and a record $127.9 billion worth of debt was upgraded in May 2021. In early June, a record $340 billion had been upgraded over the previous 10 weeks.
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ThomsonReuters
JULY 22, 2021
Revenue Procedure 2021-30 (July 16, 2021). Available at [link]. The IRS’s latest update to its Employee Plans Compliance Resolution System (EPCRS) includes modest expansions of the correction options available under the program. Highlights for 401(k) plans include—. Correcting operational failures under SCP. The correction period for significant operational failures under the Self-Correction Program (SCP) is extended from two to three years.
Essentials of Corporate Finance
JULY 22, 2021
The IPO market has been hot this year, with more than 200 offerings raising over $70 billion. Of these IPOs, 30 were Chines companies, making 248 U.S. exchange listed China-based companies totaling $2.1 trillion in market value. Now, new rules by the Chinese government may slow Chinese domiciled companies listing on U.S. exchanges. The Chinese State Council stated that it would update the rules for "the overseas listing system for domestic enterprises"and tighten restrictions on cross-border dat
Speaker: Susan Spencer, Principal of Spencer Communications
Intent signal data can go a long way toward shortening sales cycles and closing more deals. The challenge is deciding which is the best type of intent data to help your company meet its sales and marketing goals. In this webinar, Susan Spencer, fractional CMO and principal of Spencer Communications, will unpack the differences between contact-level and company-level intent signals.
ThomsonReuters
JULY 22, 2021
Lutz Surgical Partners PLLC v. Aetna, Inc., 2021 WL 2549343 (D. N.J. 2021). A federal trial court has ruled in favor of health care providers who alleged that the claims administrator for numerous group health plans breached its ERISA fiduciary duties by engaging in cross-plan offsetting. The court noted that cross-plan offsetting generally refers to the practice of underpaying benefits under some plans (collectively, Plan B) to recover overpaid benefits under other plans (collectively, Plan A).
Musings on Markets
JULY 22, 2021
Zomato, an Indian online food-delivery company, was opened up to public market investors on July 14, 2021, and its market debut is being watched for clues by a number of other online ventures in India, waiting in the wings to go public. The primary attraction of the company, to investors, comes not from its current standing (modest revenues and big losses), but from its positioning to take advantage of the potential growth in the Indian food delivery market.
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