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.
2021 Penalty Amounts for ERISA Health and Welfare Plans
On January 14, 2021, the U.S. Department of Labor (“DOL”) published its annual announcement of civil monetary penalties for various employee benefits-related violations under ERISA, as in effect for calendar year 2021. To encourage compliance with the law, ERISA imposes
ICHRAs and the Shared Responsibility Payment: Final Regulations
The IRS outlined final rules regarding the shared responsibility payment (SRP) and other nondiscrimination rules applicable to health reimbursement arrangements (HRAs) and other account-based group health plans integrated with individual coverage health reimbursement arrangements (ICHRAs) or Medicare, including safe harbor
CAA #1 The Consolidated Appropriations Act with COVID-19 Relief: An Overview
Beginning in 2021, employers who sponsor group health plans (GHPs) must begin complying with several requirements of the Consolidated Appropriations Act (CAA) of 2021. The CAA also includes provisions for COVID-19 relief, student loan repayment extension, and retirement plan safe
IRS Guidance on Secure Act Auto-Enrollment and Safe Harbor Plan Changes
On December 9, 2020, the Internal Revenue Service (“IRS”) issued question-and-answer guidance (Notice 2020-86) regarding certain changes to safe harbor 401(k) plans and auto-enrollment arrangements made by the Setting Every Community Up for Retirement Enhancement (“SECURE”) Act. These changes include