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.
Health and Welfare: IRS Releases 2021 Adjusted Dollar Limits
The IRS recently announced the tax year 2021 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes. Notice 2020-45 provides details about these annual adjustments. Here are the highlights for employers
401(k): IRS Releases 2021 Adjusted Dollar Limits
On October 26, 2020, the IRS released its annual notice, Notice 2020-79, setting forth the various dollar limitations for contributions and benefits under qualified retirement plans, including 401(k) plans. The new limits will be in effect as of January 1,
IRS Releases Final 1094/1095 B and C Forms
The IRS released final Forms 1094/1095-B and Forms 1094/1095-C and related instructions for the 2020 tax year. The new forms add information related to Individual Coverage HRAs (ICHRAs), but make few additional changes. SUMMARY OF CHANGES FOR 2020 ICHRA 1095-B:
MEWAs: State Regulation vs ERISA Preemption
There has long been confusion around a state's ability to regulate Multiple Employer Welfare Arrangements (MEWAs) and ERISA's preemption of those regulations. The reason for the confusion is that it can be a very confusing subject! We'll try to bring