Who We Are
PacFed is one of California’s largest and most experienced employee benefits firms.
What We Do
We assist businesses in carrier negotiations, employee benefits administration and compliance.
Our Services
Our primary focus is the administration and service of Employer, Taft-Hartley and Private Exchange plans.
Let Us Help
- Simplify the employee
benefits process - Reduce corporate HR costs
- Navigate today’s changing
health insurance market
Latest from Our Blog
California Approves Modified COVID-19 Workplace Standards
For the third time since the onset of the pandemic, California has implemented revised COVID-19 prevention guidelines that apply to most workers in California. Here’s what employers need to know.
New Executive Order Expands Healthcare Services for LGBTQI+ Individuals
Coinciding with national Pride Month, President Biden recently took action to expand access to medical services, reduce stigma in treating patients with unique needs and break down barriers to care for the LGBTQI+ community.
Understanding the Effects of Discrimination on Healthcare in the LGBTQ Community
This June, the celebration of Pride month is an opportunity to recognize the contributions of LGBTQ people around the world, promote dignity and equal rights, and raise awareness of important issues facing the community, such as how to overcome barriers to equity in healthcare.
New Guidance on the No Surprises Act
The No Surprises Act helps protect patients against unexpected medical bills from out-of-network providers. Here is the latest federal guidance on how to implement this new legislation.
ZENITH BENEFIT TALK
Recently two of the Pension Plans that Zenith administers were part of the first wave approved by the PBGC (Pension Benefit Guaranty Corporation) for special financial relief under ARPA ’21.
NAPO is a coalition of police unions and associations from across the United States and was organized for the purpose of advancing the interests of America’s law enforcement officers through legislative advocacy, political action and education.
Defined Benefit Plans -
A Better Bang For The Buck
An updated study by the National Institute on Retirement Security again concluded that when compared to many Defined Contribution (DC) plans a Defined Benefit (DB) plan does a better job of providing needed retirement income.
PBGC Approves First Two Plans For Funding Relief Under ARPA ’21
On December 21st, the Pension Benefit Guaranty Corporation (PBGC) approved the first Multiemployer pension plan funding relief under the American Rescue Plan Act of 2021 (ARPA).
Department Of Labor Releases
FAQs On Required Lifetime Income Illustrations For DC Plans
On July 26, 2021, the Department of Labor (“DOL”) released Temporary Implementing FAQs (Frequently Asked Questions) for the lifetime income illustrations that will be required for most Defined Contribution (“DC”) plans. As you may recall from our last article, the DOL released an Interim Final Regulation (IFR) on September 18, 2020 requiring compliance one year thereafter (September 18, 2021).
What’s The News On
Lifetime Income Disclosures?
To recap, under the SECURE Act, ERISA-covered defined contribution plans will be required to show the participant’s account value as an equivalent lifetime annuity payable in equal monthly installments, both as a single life annuity and as a 100% joint and survivor annuity at least annually on the benefit statement.
UPCOMING EVENT
07.08.22:
LA Plaza's Summer of Salsa -
The Echo Park Project with DJ Robinho
Enjoy a FREE Summer of Salsa concert on Friday, July 8, from 6-9pm at LA Plaza de Cultura y Artes. The Echo Park Project recreates the legendary salsa style of New York City in Southern California with a repertoire combining original material with hot 70s cover tunes. PacFed is proud to sponsor this event on conjunction with the Los Angeles County Federation of Labor, Mesa Pacific, Music Fund of Los Angeles and Teamsters Local 986. Find out more at LA Plaza's Facebook calendar page.
An Essential Business
Important Information for Union Member Insureds and PacFed Employees
Operations at Zenith American Solutions (Zenith) and PacFed Benefit Administrators (PacFed) are deemed essential. So that we may provide access to the services our members and their families depend on, Zenith and PacFed offices in California will remain open at this time. As the situation with coronavirus (COVID-19) continues to develop, Zenith and PacFed are prepared and ready to assist.
PROUD TO HONOR
Thanks to Teamsters 986 essential employees, PacFed is here to serve our members’ group health insurance needs!