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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.
401(K) Current Events: Presidential Veto Thwarts Congressional Attempt To Nix DOL Rule On ESG Investments
As we reported in our recent blog entitled “DOL Issues Final Regulations on Prudence and Loyalty in Selecting 401(k) Plan Investments – ESG Funds Get a Thumbs Up”, on November 22, 2022, the U. S. Department of Labor (DOL) issued
401(K): What Do I Need To Know About SECURE 2.0? Overview Of Significant Provisions, Part II
As we have previously reported, Congress passed the SECURE 2.0 Act of 2022 (“SECURE 2.0”), a vast collection of retirement-related provisions having a profound effect on 401(k) plans, as part of the larger Consolidated Appropriations Act, 2023 (“CAA”) in late December
IRS Announces 2024 Shared Responsibility Penalties under the Affordable Care Act
The IRS has announced an increase in the annual shared responsibility penalty amounts for calendar year 2024. These are the penalties that an applicable large employer can be assessed under the ACA if a full-time employee enrolls for subsidized coverage
New IRS Electronic Filing Rules Will Apply To Most Employers
The IRS has published new rules that will increase the number of employers who must file information returns electronically. Under previous rules, employers that filed more than 250 information returns per year were required to use the IRS electronic filing