401(K) CURRENT EVENTS: IRS ISSUES LIMITED RELIEF FOR CERTAIN REQUIRED MINIMUM DISTRIBUTIONS THAT WERE DUE IN 2021, 2022
On October 7, 2022, the IRS issued Notice 2022-53 which grants limited relief with respect to certain new requirements for required minimum distributions (RMDs) from […]
IRS ANNOUNCES EXPANDED RULE FOR CAFETERIA PLAN ELECTION CHANGES
The IRS has announced a change in the rules regarding eligibility of taxpayers for a premium tax credit undersection 36B of the Affordable Care Act. […]
H&W CURRENT EVENTS: TEXAS FEDERAL DISTRICT COURT INVALIDATES HHS GUIDANCE ON GENDER AFFIRMING CARE
On October 1, 2022, the U.S. District Court for the Northern District of Texas, in Texas v. EEOC, et al., invalidated U.S. Department of Health […]
Level Funding Group Health Plans: What Employers Need to Know
Four years ago we released a blog covering potential benefits and risks for employers seeking to switch from fully insured to self-insured level group health […]
401(K) CURRENT EVENTS: IRS EXTENDS DEADLINE TO AMEND PLANS FOR ADDITIONAL CARES ACT, CAA DISASTER RELIEF PROVISIONS
On September 26, 2022, the IRS issued Notice 2022-45 which extends the deadline for amending retirement plans, including 401(k) plans, to comply with recent legislation. […]
CAA #18: No Surprises Act Final Rule FAQ: the IDR Process
This is our final “Blog Days of Summer 2022” post; we hope you’ve learned a bit more about benefits welfare plan compliance as you’ve soaked […]
401(K) CURRENT EVENTS: IRS EXTENDS DEADLINE FOR AMENDING PLANS TO COMPLY WITH SECURE & CARE ACTS
On August 3, 2022, the IRS issued Notice 2022-33 extending the deadline for amending retirement plans, including 401(k) plans, to comply with the applicable provisions […]
Round 2: Biden to HHS: Protect Reproductive Healthcare Services
In a second Executive Order issued August 3rd, 2022, President Biden requests the Secretary of Health and Human Services (HHS) to find solutions to ease […]
IRS Lowers Affordability Threshold to 9.12%
The Internal Revenue Service (IRS) lowered the affordability threshold this week, as outlined in Revenue Procedure 2022-34. This limit is used to determine whether an […]