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BRCC / Baldwin Bulletin – April 2025

COMPLIANCE NEWSLETTER – APRIL 2025

Baldwin Bulletin

BALDWIN REGULATORY COMPLIANCE COLLABORATIVE

Welcome to the April 2025 Issue

The Baldwin Bulletin serves as a monthly guide to important regulatory developments, legal news, and employee benefits-related industry happenings designed to keep you abreast of the latest developments.

This month’s issue focuses on important upcoming compliance deadlines and includes our timeline of upcoming compliance requirements, in addition to providing information regarding certain hot-button compliance issues significantly impacting employers.

Upcoming Compliance Deadlines

For information regarding upcoming compliance deadlines for employer-sponsored group health plans.

Upcoming Federal Reporting Deadlines for Health & Welfare Plans

Three crucial reporting requirements are approaching – PCORI Fees for 2024, Form 5500 Filings, and the Prescription Drug reporting to CMS. Each of these compliance tasks involves accurate record-keeping, effective time management, and precision.

Federal District Court Dismisses ERISA Fiduciary Breach Due to High Costs Drugs Claims Against Johnson & Johnson

Federal District Court Dismisses ERISA Fiduciary Breach Due for High-Cost Drug Claims Against Johnson & Johnson

In a significant decision, the United States District Court for the District of New Jersey dismissed a class action lawsuit against Johnson & Johnson for utilization of a pharmacy benefit manager

Common Plan Administration Challenges Associated with Group Term Life Insurance Plans

Administering group term life insurance plans can present several challenges for employers. Despite their complexities, proper management of these plans can ensure smooth operation, minimize administrative errors, and enhance the value of this benefit for employees

Monitoring the Status of President Trump‘s Barrage of Executive Orders

This thought leadership article offers an examination of Executive Orders and related declarations from the new presidential administration. Focusing on matters of employee benefits, employment and labor law related concerns this timely summary provides an overview

Executive Order Directing Departments to Issue New Guidance on Healthcare Pricing Information

In a notable development on February 25, 2025, President Trump issued an executive order designed to enhance current practices related to transparency in healthcare pricing by mandating more meaningful price information

Overview of 2025 MHPAEA Report to Congress

The annual report to Congress released by the US Departments of Labor (“DOL”) and Health and Human Services (“HHS”) and Treasury on January 13, 2025.

Frequently Asked Question (“FAQ”) of the Month

Our question of the month is about employer obligations under the ACA.

FEATURED COMPLIANCE INSIGHTS

Training and Webcast Calendars

Stay on top of everything and never miss out with our comprehensive calendars guiding you every step of the way

2025 HIPAA Complete Training Calendar

2025 Baldwin Professional Education Connection Educational Webcast Calendar

This newsletter is intended for general information purposes only and should not be construed as advice or opinions on any specific facts or circumstances. The content of this newsletter is made available on an “as is” basis, without warranty of any kind. The Baldwin Insurance Group Holdings, LLC (“The Baldwin Group”), its affiliates, and subsidiaries do not guarantee that this information is, or can be relied on for, compliance with any law or regulation, assurance against preventable losses, or freedom from legal liability. This publication is not intended to be legal, underwriting, or any other type of professional advice. The Baldwin Group does not guarantee any particular outcome and makes no commitment to update any information herein or remove any items that are no longer accurate or complete. Furthermore, The Baldwin Group does not assume any liability to any person or organization for loss or damage caused by or resulting from any reliance placed on that content. Persons requiring advice should always consult an independent adviser.

The Baldwin Group offers insurance services through one or more of its insurance licensed entities. Each of the entities may be known by one or more of the logos displayed; all insurance commerce is only conducted through The Baldwin Group insurance licensed entities. This material is not an offer to sell insurance.

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Get in touch with our compliance team

The Baldwin Regulatory Compliance Collaborative is a national team of compliance and ERISA experts to help keep your organization compliant and informed.