Findley Post
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New HRA Rules are a Potential Game-Changer
Effective January 1, 2020, employers can establish two new Health Reimbursement Accounts (HRAs) — an Individual Coverage HRA (ICHRA) and an Excepted Benefit HRA (EBHRA). This could be a significant development for employers sponsoring employee health benefit plans — both […]
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2019 Defined Contribution Plan Compliance Calendar
Calendar Plan Year & Calendar Employer Tax Year* January 2019 15 Last day to file Form 945 to report withheld federal income tax from distributions 15 Last day to furnish Form 1099-R to recipients of distributions in 2018 February 2019 […]
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Affordable Care Act PCORI Fee Due July 31
As a reminder, the ACA developed the Patient-Centered Outcomes Research Institute (PCORI), whose mandate is to improve the quality and relevance of evidence available to help patients, clinicians, caregivers, employers, insurers, and policy makers make informed health decisions. In order […]
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2020 HSA and HDHP Limits Announced
On May 28, 2019, the Internal Revenue Service (IRS) announced in Revenue Procedure 2019-25 the 2020 limits for contributions to Health Savings Accounts (HSAs) and definitional limits for High Deductible Health Plans (HDHPs). These inflation adjustments are provided for under […]
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2019 Pension Plan Compliance Calendar
Calendar Plan Year & Calendar Employer Tax Year* January 2019 15 Due date to make fourth required quarterly contribution for 2018 plan year 31 Last day to file Form 945 to report withheld federal income tax from distributions 31 Last day […]
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IRS Announcement May Allow Lump Sum Window for Retirees
Pension plan sponsors may have a new tool available to use in de-risking their pension plans – paying lump sums to retirees currently in payment status. As with some other de-risking initiatives, a retiree lump sum window could accomplish the […]
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DOL Proposes $35K as New Overtime Rule Threshold
A long-awaited announcement was made yesterday from the US Department of Labor (DOL). It published a proposal raising the salary level requirements to $35,308 per year ($679 per week) for white collar exemptions. The proposed threshold, up from the current […]
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ACA Ruled Unconstitutional – Now What for Employers?
On December 14, 2018, the much-anticipated decision was issued in Texas v. United States in which the District Court found the Patient Protection and Affordable Care Act (ACA) unconstitutional given the current terms of the individual mandate. From an employer […]
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IRS Releases 2018 Required Amendments List for Qualified Retirement Plans
The Internal Revenue Service (IRS) recently issued Notice 2018-91, which contains the Required Amendments List for 2018 (2018 RA List). The 2018 RA List does not reflect any changes in qualification requirements. This means that for individually designed plans there […]
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It’s Déjà Vu for ACA Reporting – 2018 Due Date Extension
On November 29, 2018, the IRS released Notice 2018-94 announcing an extension of furnishing 2018 Forms 1095-B and 1095-C, from January 31, 2019, to March 4, 2019. This extension is basically identical to the extension the IRS provided for furnishing […]
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