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New DOL Guidance for Pension Plan Sponsors - What Employers Need to Know

On April 3, 2025, the U.S. Department of Labor (DOL) issued important new guidance for employers that sponsor defined benefit (pension) plans. This guidance provides new model notices and addresses several outstanding...more

Welcomed Changes to Affordable Care Act Information Reporting for 2025

Two new laws signed on December 23, 2024, are set to make Affordable Care Act (“ACA”) reporting easier and less time-consuming. The 'Paperwork Burden Reduction Act' and the 'Employer Reporting Improvement Act' introduce...more

Benefit Plan Year-End Action Items

As we approach the end of the year, employers have to handle a number of critical tasks to ensure compliance with various employee benefit plan requirements. The deadlines for (1) distributing annual notices, (2) amending...more

Tapping Retirement Savings After Tropical Storm Helene

Our heartfelt thoughts are with everyone affected by Tropical Storm Helene. Your safety and well-being are paramount and we are here to support those impacted during this challenging time. As employees and employers work...more

New Guidance for Employers on COVID-19 Vaccine Coverage and Incentives

Employers who sponsor group health plans will be interested in new guidance released last week by the DOL, IRS and HHS in the form of five COVID-19 related FAQs. Two of the FAQs address group health plan coverage requirements...more

ARPA COBRA Subsidy's Impact on Employer Health Plans

The American Rescue Plan Act of 2021 (ARPA) provides temporary COBRA continuation coverage premium assistance for certain eligible qualified beneficiaries. On April 7, 2021, the Department of Labor issued a FAQ and model...more

Reducing or Suspending Employer Contributions to 401(k) Plans Mid-Year

In times of economic uncertainty, employers who typically make 401(k) matching or profit-sharing contributions often choose to reduce or suspend those contributions to conserve cash and save jobs. Figuring out whether and...more

Employee Benefit Plans End-Of-Year Checklist – What Employers Need to Know

Fall is here, which means open enrollment is coming up and end-of-year deadlines are right around the corner. As we quickly approach the end of 2017 and the start of a new year, here are some deadlines that employers will...more

IRS Relief Available to Victims of Hurricane Matthew in North Carolina, South Carolina, Georgia and Florida

Some good news in the wake of Hurricane Matthew: participants in 401(k) and similar employer-sponsored retirement plans who have been adversely affected by Hurricane Matthew may be eligible to use their retirement savings to...more

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