Findley Post
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2021 Inflation-adjusted Limits for HDHPs
The IRS recently issued several advisories about 2021 inflation-adjusted limits for High Deductible Health Plans (HDHPs) paired with Health Savings Accounts (HSAs); non-grandfathered health plans; and ACA employer shared responsibility penalties under IRC §4980H. The purpose of this post is […]
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COBRA Litigation Risk on the Rise
If you are an employer that is subject to COBRA, you are probably aware that there are significant penalties that the Department of Labor can assess if you fail to offer coverage or give proper COBRA notice to employees or […]
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E-Delivery Rule Brings Cost-Relief to Retirement Plan Administration
On May 27, 2020, the Federal Register published the Department of Labor’s final rule that permits employers to use electronic means to fulfill their retirement plan disclosure obligations. (Disclosures required by the Department of Labor as to health and welfare […]
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New FSA rules from the IRS: Some Considerations
This past week, the IRS has provided two notices (IRS Notice 2020-29 and IRS Notice 2020-33) related to health flexible spending accounts and dependent care flexible spending account plans, commonly referred to as health FSAs and DCAP plans. Many employers […]
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Treasury Will Now Allow an Employer Tax Credit for Insured Furloughed Workers
Employers that are partly or completely prohibited from operating during the shutdowns caused by the coronavirus pandemic but who continue to fund employee health care coverage, may be able to take up to a $10,000 tax credit for each employee, […]
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The DOL and the IRS Issue New COBRA Notices and Extensions
Why? In response to the National Emergency declared by President Trump on 3/1/2020, the DOL’s Employee Benefits Security Administration (EBSA) is taking efforts to help workers who have had a reduction in hours and could be at risk for unnecessary […]
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Benefit Plans Get Disclosure and Filing Relief in COVID-19 Emergency
On April 29th, the Department of Labor’s (DOL) Employee Benefits Security Administration (EBSA) issued EBSA Disaster Relief Notice 2020-01 (Notice) to provide employers with additional relief as they make their way through the national emergency due to the Novel Coronavirus […]
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Filing Extensions to July 15th for Approaching Form 5500 and PBGC Deadlines
A pair of government releases provides Form 5500 filing deadline relief for employee benefit plans, and PBGC filing relief for pension plans. On April 9th, the IRS released Notice 2020-23, in which the Secretary of the Treasury determined that any […]
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Breaking Down the SECURE Act – 401(k) and Other Defined Contribution Plans
Benefits experts are still poring through the SECURE Act’s various mandated provisions, optional provisions, and effective dates, some of which may be retroactive. This series of articles will break down the implications that the Act has for existing tax-qualified retirement […]
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The CARES Act and its Impact on Retirement Plans
After several days of intense negotiations between Senate leadership and the Executive branch, the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act” or “Act”) was passed by the House on Friday, March 27th. The CARES Act will provide […]
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