Understanding Employee Benefits and key developments in the employee benefits field and items of interest to our clients. MORE

Benefits

Preparing for the End of the COVID-19 Emergency Declarations: Part I. Considerations for COVID-19 Diagnostic Testing Coverage

Cafeteria Plans

Annual Limits on Qualified Plans for 2023Annual Limits on Qualified Plans for 2022DOL's ARPA COBRA Subsidy Notices and FAQs: Stay Tuned for More

Compensation Questions

CARES Act offers Opportunity for Tax-Free Student Loan Repayment Available until 2020 Year-EndDepartment of Labor's New Guidance Helps Employers of Uniformed Service Members Manage Pension ObligationsIRS Approves Student Loan Repayment "Match" Under 401(k) Plan

Deferred Compensation and 409A

All Businesses, even if not Subject to 162(m), Should Consider Gathering Data to Support Future Deduction of Deferred Compensation under the Grandfather RuleIRS Guidance Provides Some Clarity, but Leaves Questions Unanswered under 162(m)Tax Bill Means Changes to Employee Benefits and Executive Compensation

ERISA and Other Benefits Litigation

Class Action Filed Against Fidelity for Alleged “Secret Kickback Payments”Time to revisit the Retirement Equity Act? Married Spouse denied $2.7 million ESOP Benefit of Deceased SpouseNew Disability Claims Procedures May Apply to Qualified and Nonqualified Retirement Plans, Too

Errors & Omissions Liability

CARES Act offers Opportunity for Tax-Free Student Loan Repayment Available until 2020 Year-EndIRS Final Regulations Amend Hardship Distribution Rules for 401(k) and 403(b) Plans

Executive Compensation

AMERICAN RESCUE PLAN ACT CONTAINS MANY EMPLOYEE BENEFITS RELATED PROVISIONSAll Businesses, even if not Subject to 162(m), Should Consider Gathering Data to Support Future Deduction of Deferred Compensation under the Grandfather RuleIRS Guidance Provides Some Clarity, but Leaves Questions Unanswered under 162(m)

Fiduciary Guidance

Co-fiduciary Can't Be Sued for Indemnification in 8th or 9th Circuits First Reliance Standard Life Ins. Co. v. Giorgio Armani Corp. U.S. No. 21-861, Cert. Denied 2/22/22DOL Issues First Ever Cybersecurity GuidanceDOL Provides its view on Private Equity Investment Exposure in Defined Contribution Plans

Form 5500s

SECURE Act Includes Retirement Plan Changes, Some Effective ImmediatelyHigh Points of Trump's Retirement Security Executive Order: MEPs, Benefit Plan Disclosures, Required Minimum Distribution Changes AnticipatedProposed Form 5500 Changes & the new Schedule J: Big Changes for Small Group Health Plans

Health Care Reform

Preparing for the End of the COVID-19 Emergency Declarations: Part II. Considerations for COVID-19 Vaccine CoverageAgencies Issue COVID-19 Vaccine Incentive GuidanceFINAL HRA REGULATIONS CREATE NEW HEALTH COVERAGE OPTIONS FOR EMPLOYERS AND EMPLOYEES

Health Plan

Preparing for the End of the COVID-19 Emergency Declarations: Part II. Considerations for COVID-19 Vaccine CoveragePreparing for the End of the COVID-19 Emergency Declarations: Part I. Considerations for COVID-19 Diagnostic Testing CoverageDepartments Provide Relief for 2020 and 2021 Prescription Drug Reporting

IRAs

Congress Delivers SECURE 2.0 for the HolidaysIRS EXTENDS DEADLINE FOR PLAN SPONSORS TO ADOPT AMENDMENTS REFLECTING RECENT LAW CHANGESTax Bill Means Changes to Employee Benefits and Executive Compensation

Multi-employer Plans

IRS Releases Guidance on Premium Subsidies for Continuation Coverage under COBRAAMERICAN RESCUE PLAN ACT CONTAINS MANY EMPLOYEE BENEFITS RELATED PROVISIONSMultiemployer Pension Reform Likely on the Table in Phase 4 Coronavirus Bill

Payroll

DOL's ARPA COBRA Subsidy Notices and FAQs: Stay Tuned for MoreCARES Act offers Opportunity for Tax-Free Student Loan Repayment Available until 2020 Year-EndIRS Annual Limits on Qualified Plans for 2019

Retirement Plans

Congress Delivers SECURE 2.0 for the HolidaysAnnual Limits on Qualified Plans for 2023IRS EXTENDS DEADLINE FOR PLAN SPONSORS TO ADOPT AMENDMENTS REFLECTING RECENT LAW CHANGES

Uncategorized

Just in the Nick of Time – Congress Grants Second Extension of CARES Act Telehealth/HSA ReliefCongress Delivers SECURE 2.0 for the HolidaysCARES Act offers Opportunity for Tax-Free Student Loan Repayment Available until 2020 Year-End

Welfare Plans

Preparing for the End of the COVID-19 Emergency Declarations: Part I. Considerations for COVID-19 Diagnostic Testing CoverageAnnual Limits on Qualified Plans for 2023Co-fiduciary Can't Be Sued for Indemnification in 8th or 9th Circuits First Reliance Standard Life Ins. Co. v. Giorgio Armani Corp. U.S. No. 21-861, Cert. Denied 2/22/22