The United States Government Accountability Office (the “GAO”) has made public its January 28, 2020, report to Congress on the oversight of executive retirement plans by the Internal Revenue Service (the “IRS”) and the U.S....more
3/9/2020
/ Deferred Compensation ,
Employee Benefits ,
Executive Compensation ,
GAO ,
IRS ,
Pensions ,
Reporting Requirements ,
Retirement Plan ,
Tax Exempt Entities ,
Tax Qualified Plans ,
U.S. Treasury
The year-end federal spending bill, the Further Consolidated Appropriations Act, 2020 (“FCAA”), was signed into law on December 20, 2019. Although the media spotlight has focused primarily on provisions affecting retirement...more
1/17/2020
/ Affordable Care Act ,
Cadillac Tax ,
Collective Bargaining ,
Employee Benefits ,
Employer Group Health Plans ,
Excise Tax ,
Health Insurance ,
Healthcare Reform ,
Individual Mandate ,
Tax Cuts and Jobs Act ,
Unconstitutional Condition
The IRS issued Revenue Procedure 2019-44 today that provides the 2020 cost-of-living inflation adjustments for certain health and welfare benefit plans. Some of these amounts have been previously released by the IRS. Here are...more
If you use union employees in your projects, you may contribute to a multiemployer pension plan—perhaps a few cents or few dollars per hour worked. However, some employers are surprised to learn they could be assessed with...more
9/11/2019
/ Collective Bargaining Agreements (CBA) ,
Construction Industry ,
Employee Benefits ,
Employee Retirement Income Security Act (ERISA) ,
Employer Contributions ,
Multi-Employer Pensions ,
PBGC ,
Pensions ,
Retirement Plan ,
Taft-Hartley Act ,
Unions ,
Withdrawal Liability
As part of its major transportation bill (HB 2017), the Oregon legislature last week adopted a new statewide payroll tax that also applies to “periodic payments,” starting July 1, 2018. The new tax will fund public transit...more
The IRS issued key extensions to looming 2016 information reporting deadlines for applicable large employers. This relief applies only to the deadlines for reporting the coverage that employers offered in 2015...more