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.
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 of the Setting Every Community Up for Retirement Enhancement Act of 2019 (the “SECURE Act”)
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 access to "reproductive healthcare services" using Medicaid and non-discrimination legislation for entities that receive federal
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 individual is eligible for affordable employer-sponsored minimum essential coverage per IRS Code § 36B(c)(2)(C)(i)(II). Under
Departments to Plans: Contraceptive Care Coverage Under the ACA is Required
On July 28, 2022, the U.S. Dept. of Health and Human Servies, the Dept. of Labor (DOL), and the Dept. of Labor and Treasury, collectively, the "Departments" issued guidance (FAQ ACA Part 54) for health plans regarding contraceptive coverage. This