Blog
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.
2024 Adjusted Dollar Limits for 401(k) Plans Released by IRS
The IRS recently released its annual notice, Notice 2023-75, outlining adjusted dollar limits for contributions and benefits under qualified retirement plans, including 401(k) plans. The new limits will go into effect on January 1, 2024. Under the Internal Revenue Code,
Gag Clause Attestation Deadline Looming
What is the Gag Clause Attestation? The Consolidated Appropriations Act of 2021 prohibits health plans from entering onto an agreement with plan service providers that includes a “gag clause”. This is any provision in a contract that would directly or
State Leave Laws + Employee Benefits
It's Employee Handbook season! As you are writing your policies, don't forget that state leave laws may affect your employee benefits! As of October 2023, paid family medical leave laws (“PFML”) are or will be in place in fifteen states[1].
Retirement Plan Assistance for Domestic Abuse Survivors
To better assist domestic abuse survivors, retirement plan administrators may consider amending their plan for 2024. Section 314 of the SECURE 2.0 Act beginning in 2024 allows a participant who is a survivor of domestic violence to receive a penalty