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.
Two Cost-Sharing Changes Provide Flexibility for Grandfathered Plans
On December 15, 2021, the Departments of Labor, Health & Human Services, and Treasury ("Departments") issued a final rule ("Rule") expanding cost-sharing requirements for grandfathered group health plans and insurance coverage to adjust for inflation and permit preservation of High
IRS Releases Final Regulations on Rollovers of 401(k) Qualified Plan Loan Offsets
On December 7, 2020, the Internal Revenue Service (“IRS”) issued its final regulations addressing rollovers of qualified retirement plan (particularly 401(k) plan) loan offset amounts. Proposed regulations covering this subject were issued on August 17, 2020 (see our previous blog
Coronavirus-Related Distributions Quickly Coming To An End
IRS RELEASES DRAFT FORM 8915-E IMPORTANT! The CARES Act provisions regarding “coronavirus-related distributions” are currently set to expire on December 31, 2020. Therefore, participants who believe they meet the qualification requirements and may be entitled to a coronavirus-related distribution should
New SBC Template Required for Plan Years Beginning January 1, 2021
For Plan years beginning January 1, 2021 and thereafter, the use of an updated Summary of Benefits and Coverage ("SBC") form is required. Recall, a plan must use the SBC template and supporting Glossary of Terms to ensure plan details