Findley Post
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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
The Headline 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 […]
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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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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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