The Internal Revenue Service released the cost-of-living adjusted qualified retirement plan and welfare plan limitations effective January 1, 2023. For ease of reference and comparison to prior years, we have placed the...more
In this edition of our newsletter, we have summarized key third quarter guidance from the Internal Revenue Service ("IRS"), Department of Labor ("DOL"), and Pension Benefit Guaranty Corporation ("PBGC"). As we look back on...more
10/28/2020
/ Coronavirus/COVID-19 ,
Department of Labor (DOL) ,
Drug Pricing ,
Employee Benefits ,
Executive Orders ,
Guidance Update ,
IRA Rollovers ,
IRS ,
PBGC ,
Proxy Season ,
Regulatory Oversight ,
Retirement Plan ,
Safe Harbors ,
SECURE Act ,
Self-Insured Health Plans
In the second quarter of 2020, we have seen employers faced with continued challenges as they manage the impact of the COVID-19 pandemic on their businesses and begin the process of returning to normal operations. The flurry...more
7/23/2020
/ Benefit Plan Sponsors ,
CARES Act ,
Coronavirus/COVID-19 ,
Department of Labor (DOL) ,
Employee Benefits ,
Guidance Update ,
IRS ,
PBGC ,
Regulatory Oversight ,
Regulatory Standards ,
Required Minimum Distributions ,
Retirement Plan ,
Safe Harbors
As the Coronavirus has continued to spread, there has been guidance from various entities on a myriad of topics pertaining to employee benefits. Summaries and links to such guidance can be found below. This information will...more
3/18/2020
/ Coronavirus/COVID-19 ,
Dependent Care ,
Dependent Care Assistance Program (DCAP) ,
Emergency Response ,
Employee Benefits ,
Equal Employment Opportunity Commission (EEOC) ,
Essential Health Benefits ,
Family and Medical Leave Act (FMLA) ,
HDHPs ,
Health Insurance Portability and Accountability Act (HIPAA) ,
IRS
Yesterday, the Internal Revenue Service (IRS) issued Notice 2020-15 announcing that a high deductible health plan’s payment of COVID-19 (coronavirus) testing and treatment prior to satisfaction of the plan’s minimum...more
The Internal Revenue Service released the cost-of-living adjusted qualified retirement plan limitations effective January 1, 2020. For ease of reference and comparison to prior years, we have placed the adjusted limitations...more
11/8/2019
/ 401k ,
Cost-of-Living Adjustment (COLA) ,
Defined Benefit Plans ,
Defined Contribution Plans ,
Employee Benefits ,
FICA Taxes ,
Individual Retirement Account (IRA) ,
IRS ,
Medicare Taxes ,
Popular ,
Retirement Plan ,
Social Security Administration (SSA) ,
Wage and Hour
The Internal Revenue Service released the 2019 dollar limits for retirement plans, as adjusted under Code Section 415(d). We have summarized the new limits (along with the limits from the last few years) in the chart below...more
On December 22, 2017, President Trump signed the bill popularly referred to as the “Tax Cuts and Jobs Act” (the “Act”) into law. The Act contains significant changes to Section 162(m) of the Internal Revenue Code that are...more