Findley Post
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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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IRS Issues Proposed Regulations on Hardship Distributions
Just in time for 2019, the IRS has complied with a directive it was given by Congress in the Bipartisan Budget Act of 2018 (BBA 2018) and provided needed guidance on changes to 401(k) hardship withdrawal rules. These changes increase […]
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IRS Increases Health FSA Limit for 2019
As cafeteria plan sponsors know, the Affordable Care Act established the maximum limit on contributions to a health flexible spending account (Health FSA) at $2,500, as indexed for inflation. On November 15, 2018, the Internal Revenue Service (IRS) announced an […]
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Reminders of What’s New for Plan Sponsors in 2019
Retirement and health and welfare plan sponsors have a relatively short list of employee benefit changes that begin on or around January 1, 2019. However, some changes were announced so long ago that they could be easily forgotten; here’s a […]
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IRS Issues Annual Increase to PCORI Fee
As part of the Affordable Care Act, the fee to fund the Patient-Centered Outcomes Research Institute (PCORI) has been in effect since 2012, and by now, plan sponsors and insurers are very familiar with it. The fee itself was imposed […]
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EEOC Guidance on Wellness Plans…Still Waiting
Employers waiting for new guidance on wellness plan incentives from the Equal Employment Opportunity Commission (EEOC) are going to have to wait a little longer. In December 2017, the United States District Court for the District of Columbia issued a […]
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Employee Benefit Plan Limits for 2019
Findley is pleased to provide you the following 2019 limits (and comparable 2018 figures) for various employee benefit plans and Social Security. Employee Benefit Plans 2018 2019 401(k) elective deferral dollar limit $ 18,500 $ 19,000 403(b) elective deferral dollar […]
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Pension Plan Liabilities to Decrease with Updated Mortality Scale
The Society of Actuaries’ (SOA) Scale MP-2018 mortality improvement rates are slightly lower than the corresponding Scale MP-2017 rates issued last year. With the release of the new scale on October 23, 2018, the SOA estimated that pension obligations will […]
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