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.
IRS ADDS TWO FAQs TO ITS COVID-19 Q&A GUIDANCE FOR RETIREMENT PLANS
On October 28, 2021, the Internal Revenue Service (“IRS”) added two FAQs to its official guidance in the form of questions and answers (“Q&As”) regarding COVID-19 pandemic relief for retirement plans, including 401(k) plans. The first FAQ addresses whether rehiring
DOL Temporarily Extends Non-Enforcement Relief for Investment Advice Fiduciaries
On October 25, 2021, the U.S. Department of Labor (“DOL”) issued Field Assistance Bulletin (“FAB”) 2021-02 , temporarily extending its non-enforcement policy regarding certain rules applicable to fiduciaries who provide investment advice for 401(k) plans, in accordance with Prohibited Transaction
IRS RELEASES 2022 ADJUSTED DOLLAR LIMITATIONS FOR 401(k) PLANS
On November 4, 2021, the IRS released its annual notice, Notice 2021-61, setting forth the various dollar limitations for contributions and benefits under qualified retirement plans, including 401(k) plans. The new limits will go into effect as of January 1,
OSHA and CMS Release Interim Final Rules Addressing COVID-19 Employer Vaccine Mandate
Effective November 5, 2021, the clock begins ticking for certain employers to develop vaccination plans and ensure their workforce is vaccinated. The Occupational Safety and Health Administration (OSHA) and the Centers for Medicare & Medicaid Services (CMS), the "Departments" released