['Employee Benefits']
['Multiple Employer Welfare Arrangements (MEWA)']
06/10/2024
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Summary of differences between federal and state regulations
Among the various employee benefit programs established and governed by ERISA are multiple employer welfare arrangements (MEWAs), which are subject as well to state regulatory and fiscal standards consistent with ERISA.
Iowa has laws regarding transactions where state law is not applicable, including MEWAs. The laws do not apply if the MEWA meets the following criteria:
- Is registered with the commissioner of insurance that does not meet solvency standards.
- Is a MEWA as defined in section 3 of the federal Employee Retirement Income Security Act of 1974.
- Is registered with the commissioner of insurance and must file with the commissioner of insurance on or before March 1 of each year a copy of the report required to be filed with the United States department of labor pursuant to 29 C.F.R. §2520.101-2.
When not otherwise provided, a foreign or domestic MEWA must pay fees to the commissioner of insurance.
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