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.
CAA of 2022…Whhaaaattt?
Congress recently passed the Consolidated Appropriations Act of 2022. Readers may remember the Consolidated Appropriations Act of 2021 which included the No Surprises Act and numerous transparency-related provisions that caused (and are continuing to cause) massive upheavals in how health
401(K): NEW IRS PROPOSED REGS UPDATE RMD RULES FOR SECURE ACT AND OTHER CHANGES
On February 23, 2022, the IRS released new proposed regulations on required minimum distributions (“RMDs”) under tax-qualified retirement plans, including 401(k) plans. Among other things, the new proposed regulations incorporate changes made by the Setting Every Community Up for Retirement
Departments Issue Memo re: TX Court Invalidation of IRD Rule: Updated Guidance Pending
The Departments of Health and Human Services, Labor, and the Treasury (the "Departments") issued a Memorandum in response to the recent decision of a Texas court invalidating certain portions of the independent dispute resolution (IDR) rule promulgated by the Departments
401(K): NEW MORTALITY TABLE MAY LEAD TO LOWER RMDS UNDER 401(K) PLANS
Summary: A new IRS mortality table effective on and after January 1, 2022 may lower the amount of required minimum distributions (“RMDs”) under 401(k) retirement plans for many participants required to receive such distributions in 2022 and beyond. This comes