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.
H&W IRS Letter 226J: ACA “Play or Pay Penalties” Loom
With another year soon drawing to a close, we have two years of employer shared responsibility reporting, aka 1094/1095 filings, under our belt. As a reminder, the employer shared responsibility mandates of the Affordable Care Act generally apply to employers
401(k) 2018 Inflation Adjustments
The IRS has provided 2018 inflation adjustments that could impact certain dollar limits that apply to 401(k) plans. An overview of the guidance on the 2018 401(k) plan limits is provided below. Limits on Participant Contributions: The maximum contribution limit has been
H&W 2018 Health FSA Contribution Limit
The IRS has released Revenue Procedure 17-58 which presents the 2018 cost-of-living adjustments for several tax-related limits including those for the health flexible spending arrangements ("Health FSA"). For taxable years beginning in 2018, the dollar limitation on voluntary employee salary reductions for
H&W IRS Finalizes 2017 Version of Forms 1094 and 1095 along with Instructions
The 2017 version of 1094 and 1095 reporting forms and instructions have been finalized by the IRS. There are very few changes from the 2016 version of the forms, but those changes that were made are isolated to the expiration