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The information and content contained in this blog are for general informational purposes only, and does not, and is not intended to, constitute legal advice. As always, for specific questions concerning your health or 401(k) plans, please consult your own ERISA attorney or professional advisor.
H&W: 2014 Publication 969 Released: Just in Time for Tax Filing!
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 accounts (HSAs) Health flexible spending arrangements (FSAs) Health reimbursement arrangements (HRAs) Medical savings accounts (Archer
401(k): 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 as far as you know there are no issues. You have heard no complaints. As
H&W: 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 which an employer reimburses employees for some or all of the premium expenses they incur
H&W: 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 this coverage subjects the employer to penalties. Generally, coverage provides minimum value if the employer