<span style="color: rgb(120, 92, 165); font-family: arial;">401(k):</span> <b> Plan Error: Eligible Employee Not Given the Opportunity to Make an Elective Deferral Election!
You walk up to the coffee bar at work one morning where Derek and Rebecca are congratulating Jack for his two-year work anniversary. You […]
<span style="color: rgb(0, 119, 168); font-family: arial;">H&W:</span> 2014 Publication 969 Released: <em>Just in Time for Tax Filing!</em>
The IRS has released the 2014 Publication 969, Health Savings Accounts and Other Tax-Favored Health Plans. Publication 969 provides the general rules for: Health savings […]
<span style="color: rgb(120, 92, 165); font-family: arial;">401(k):</span> <b> Plan Error: Plan Operations Not Consistent with Terms of the Plan Document
You sponsor a great 401(k) plan for your employees. Your employees seem to be happy with it. It’s been in place for many years and […]
<span style="color: rgb(0, 119, 168); font-family: arial;">H&W:</span> Employee Payment Plans and Health Coverage
The IRS has provided additional guidance and transitional relief for employers offering health coverage through “employee payment plans”. An employee payment plan is one in […]
<span style="color: rgb(0, 119, 168); font-family: arial;">H&W:</span> Minimum Value Loophole Closed and Countdown Begins!
Applicable large employers (ALEs) must offer employer sponsored coverage that is both affordable and provides minimum value to their employees and dependents. Failure to provide […]
<span style="color: rgb(0, 119, 168); font-family: arial;">H&W:</span> Form 1095-C….are you ready for ‘Pay or Play’ Reporting?
Are you ready? Many of you might call that a loaded question. Is there a way to even know for sure if we are ready? […]
<span style="color: rgb(0, 119, 168); font-family: arial;">H&W:</span> 2015 Poverty Guidelines and Health Care Subsidies
Health and Human Services has released their 2015 federal poverty guidelines. Through the Affordable Care Act (“ACA”), the 2015 poverty guidelines can be used in […]
<span style="color: rgb(0, 119, 168); font-family: arial;">H&W:</span> IRS Released Finalized Forms 1094 and 1095 “B & C”
The IRS has released Finalized Forms 1094 and 1095 “B & C” for 2014. Forms 1094-B and 1095-B relate to the Individual Mandate (Section 6055) […]
<span style="color: rgb(120, 92, 165); font-family: arial;">401(k):</span> <b>Your Plan Failed ADP and/or ACP testing! Now what?</b>
In the beginning, 401(k) retirement plans were designed to encourage mid to lower level income workers to save for their retirement years by offering a […]