The Internal Revenue Service has released cost of living increase numbers for many retirement and welfare plan limits for plan years commencing in 2025. Elective deferrals to 401(k) and 403(b) plans increased from $23,000 to...more
Updated 401(k) and 403(b) Requirements for Long-Term Part-Time Employees. Starting in 2025, 401(k) and 403(b) retirement plans must offer the plan’s salary deferral feature to long-term part-time employees who are at least...more
Forfeiture funds in 401(k) plans represent a unique asset pool with specific regulatory requirements and practical applications. Forfeiture funds arise when participants terminate employment with the company before becoming...more
On September 23, 2024, the Departments of Labor, Treasury, and Health and Human Services (together, “Departments”) issued a final rule (“Final Rule”) under the Mental Health Parity and Addiction Equity Act (“MHPAEA”). The...more
11/26/2024
/ Department of Health and Human Services (HHS) ,
Department of Labor (DOL) ,
Employee Benefits ,
Employer Group Health Plans ,
Final Rules ,
Health Insurance ,
Healthcare ,
Mental Health ,
Mental Health Parity Rule ,
MHPAEA ,
NQTLs ,
U.S. Treasury
In recent months, several changes to healthcare rules regulations focusing on reproductive health care have been introduced. These include (1) privacy protections for reproductive health data under HIPAA, (2) expanding access...more
11/26/2024
/ Abortion ,
Department of Health and Human Services (HHS) ,
Equal Protection ,
HDHP ,
Health Insurance ,
Health Insurance Portability and Accountability Act (HIPAA) ,
Healthcare ,
Healthcare Reform ,
HIPAA Privacy Rule ,
Human Rights ,
Life Sciences ,
Over The Counter Drugs (OTC) ,
Patient Access ,
Patient Privacy Rights ,
PHI ,
Pregnancy ,
Proposed Rules ,
Reproductive Healthcare Issues ,
Trump Administration ,
Women's Rights
As we approach the end of 2024, companies that existed prior to January 1, 2024, should already have on their radar the Corporate Transparency Act (“CTA”) beneficial ownership (“BOI”) reporting requirements or determine...more
11/26/2024
/ Anti-Corruption ,
Anti-Money Laundering ,
Beneficial Owner ,
Compensation & Benefits ,
Corporate Transparency Act ,
Employee Benefits ,
ESOP ,
Financial Crimes ,
FinCEN ,
National Security ,
Regulatory Requirements ,
Reporting Requirements
On November 5, Missourians voted to approve Proposition A, a referendum implementing mandatory paid sick leave law for Missouri employees. Thus, effective May 1, 2025, Missouri will join the growing list of states that...more