Recently, Spring Managing Partner, Karin Landry, presented a web session on the benefits of employee benefit captives and the process for gaining a prohibited transaction exemption from the US Department of Labor to fund employee benefits in a captive.
As you may know, the Exemption Process (EXPRO) has been on something of a hiatus for a couple of years, but recently, Intel was approved to fund their life and accidental death and dismemberment in their existing captive. This approval, coupled with Coca-Cola’s exemption approval, seems to indicate that EXPRO may be on the way back.
In this session, Landry explained employee benefit captives, the EXPRO process and offered further detail about the recent developments with Intel and Coca-Cola and what other employers seeking exemptions can expect.
Of course, if there is a member of your team that might be interested in this presentation, please share this post with them. The content presented will benefit risk, finance and human resource team members at most large businesses.
If you have questions about employee benefit captives or the EXPRO process, please let us know by filling out the form below the video.
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