For the second time in approximately three years, Congress passed broad legislation with sweeping impacts on retirement savings programs. The SECURE 2.0 Act of 2022 (SECURE 2.0) was included as part of the Consolidated...more
1/5/2023
/ 401k ,
403(b) Plans ,
Amended Legislation ,
Benefit Plan Sponsors ,
Consolidated Appropriations Act (CAA) ,
Employee Benefits ,
Employee Contributions ,
Qualified Retirement Plans ,
Required Minimum Distributions ,
Retirement Plan ,
Retirement Plan Providers ,
SECURE Act
Key Takeaways:
..Group health plan sponsors are wrestling with abortion-related service coverage considerations in the wake of the U.S. Supreme Court’s decision in Dobbs v. Jackson Women’s Health Organization.
..Each...more
Q: Is our health plan required to provide free coverage of services related to COVID-19 diagnosis and treatment? (Updated June 25, 20202) - A: Yes, as it relates to diagnostic testing. Pursuant to Section 6001 of the Families...more
Q: Has the IRS issued any additional employee benefit plan-related deadline relief? (Updated June 5, 2020) - A: Yes. In addition to the benefit plan-related relief issued under IRS Notice 2020-18 (see our FAQ updated on June...more
Q: In the midst of the COVID-19 pandemic, some of my employees have asked whether they can change their health plan, health flexible spending account or dependent care flexible spending account elections made under our Code...more
Q: Has the IRS issued any additional employee benefit plan-related deadline relief? (April 22, 2020) - A: Yes, in addition to the benefit plan-related relief issued under IRS Notice 2020-18 and the extended deadlines for...more
Q: How would the proposed Coronavirus Aid, Relief, and Economic Security Act affect employee benefit programs? (Updated March 26)
A: Expected to be approved by Congress and signed into law by President Donald Trump on...more
Q: Can my high-deductible health plan offer free coverage for COVID-19 expenses (before the deductible is met) and still remain health savings account (HSA) eligible?...more
Can my HDHP offer free coverage for COVID-19 expenses (before the deductible is met) and still remain HSA eligible? Yes, the IRS has issued guidance in Notice 2020-15 to clarify that coverage of COVID-19 expenses prior to...more