Findley Post
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The IRS Provides Clarity on Uncashed Retirement Distribution Checks
Qualified retirement plan sponsors now have answers to a few of the questions they have tossed around for years about the tax treatment of uncashed retirement distribution checks. In Revenue Ruling 2019-19, August 14, 2019, the IRS provides guidance regarding […]
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Pension Financial Impact of Record Low Treasury Bond Rates
How will defined benefit pension plans fare as a result of the 30-year U.S. Treasury bond rates falling below 2.00% for the first time in U.S. history? This 100 basis point drop from the beginning of the year and the […]
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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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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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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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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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