401(K) CURRENT EVENTS: IRS UPDATES DETERMINATION LETTER FORMS FOR MOVE TO MANDATORY ELECTRONIC FILING
As of June 2022, the IRS updated two of its forms Form 5300, “Application for Determination for Employee Benefit Plan” , Form 8717, “User Fee […]
CMS Clarifies TiC “Public Website” Requirement
UPDATE The Transparency in Coverage Rule (TiC) includes a provision that requires self-insured employer-sponsored health plans to include a link to the files containing the […]
New Series! The Blog Days of Summer: Dobbs and GHPs
Don’t get me wrong, I’ll take the warmth of summer over the cold of winter any day, but sometimes we simply need a break from […]
CAA #17: IDR Checklist Issued by Departments for Plan Compliance with No Surprises Act
More? It just keeps coming…clarification of the IDR Process, that is. If you’ve read any of our (no less than!) six previous blogposts about the […]
401(K) CURRENT EVENTS: IRS ANNOUNCES PRE-EXAMINATION COMPLIANCE PROGRAM
On June 3, 2022, the IRS announced on its “Employee Plans News” website a “pilot” pre-examination compliance program for retirement plans, including 401(k) plans. Beginning […]
Reminder: Transparency Rule for Welfare Plans Takes Effect July 1, 2022
This blog is a reminder that on July 1, 2022, the federal government will begin enforcement of the Transparency in Coverage (TIC) Rules. The Rules […]
401(K) CURRENT EVENTS: AGENCIES RELEASE FINAL FORM 5500 REVISIONS FOR MEP REPORTING
On May 23, 2022, the IRS, DOL and the PBGC released final regulations that make revisions to Forms 5500 and 5500-SF applicable to annual reports […]
CAA #16: Status of the IDR Process
The No Surprises Act (NSA) created a process intended to prevent patients from receiving surprise medical bills for services they might receive from out-of-network health […]
HHS Adjusts HIPAA Penalties…Again
The Department of Health and Human Services (HHS) increased civil monetary penalties due to cost of living increases of approx. 1.052%. Amounts are effective for […]