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. […]
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 […]
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 […]
2020 Required Amendments Have Little Impact on 401(k) Plans
On November 20, 2020, the IRS released Notice 2020-83 (Required Amendments List for Qualified Retirement Plans and § 403(b) Retirement Plans), its annual list of […]
New Regulations for Coverage of COVID-19 Vaccines
On November 6, 2020, the Departments of Health and Human Services, Treasury, and Labor (the Departments) issued new regulations under the CARES Act regarding the […]
Transparency Rule Means Requirements for Health Plans
Transparency Rule Means Requirements for Health Plans On November 12, 2020, the Departments of Treasury, Labor, and Health and Human Services (the Departments) published a […]
Updated Tool To Check Mental Health Parity Compliance
The Department of Labor (DOL) announced the release of an updated tool to help employers comply with the Mental Health Parity and Addiction Equity Act […]
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 […]
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 […]