IRS SECURE 2.0 Act Guidance Addresses Auto-Enrollment, Other Topics As we have previously reported, the IRS released Notice 2024-2 on December 20, 2023, providing welcome guidance on a select number of provisions affecting qualified retirement plans, including 401(k) plans, under the SECURE 2.0 Act… Read more
Form 5558 Electronic Filing Postponed After a bit of rumor and speculation, the IRS has announced on its website that, due to administrative issues involving the EFAST2 system, IRS Form 5558 will not be able to be filed electronically until… Read more
IRS Issues Guidance on Certain Secure 2.0 Act Provisions On December 20, 2023, the IRS released Notice 2024-2 which provides welcome guidance on a number of provisions affecting qualified retirement plans, including 401(k) plans, under the SECURE 2.0 Act (SECURE 2.0). The Notice also… Read more
6 Tips for Getting Compliance Buy-In Everyone agrees that benefits plan compliance is important… but how important is it to your decision makers? Because compliance isn’t something that receives lots of fanfare or is easily measured, getting team buy-in for compliance… Read more
IRS Extends Amendment Deadline for Recent New Laws The IRS announced in Notice 2024-2 that the amendment deadline most qualified retirement plans, including 401(k) plans, for several recent pieces of federal legislation generally has been extended by up to one year. This comes… Read more
CAA #2: Removing the Element of Surprise: the Consolidated Appropriations Act’s Guidelines for Group Health Plans CAA NO SURPRISES BLOG The Consolidated Appropriations Act of 2021 (CAA) contained many provisions that directly affect employer sponsored group health plans. In this blog, we will discuss the provisions of the CAA designed to… Read more
Two Cost-Sharing Changes Provide Flexibility for Grandfathered Plans On December 15, 2021, the Departments of Labor, Health & Human Services, and Treasury (“Departments”) issued a final rule (“Rule”) expanding cost-sharing requirements for grandfathered group health plans and insurance coverage to adjust for inflation… Read more
H&W: Integration of HRAs with Group Health Plans The IRS recently published Notice 2015-87 which provides additional guidance to employers on compliance with the Affordable Care Act (“ACA”). This Notice is lengthy and meaty and covers a multitude of topics. We will try… Read more
H&W: Same-Sex Spouse Coverage Same-Sex Spouse Coverage: Beginning with the 2015 plan year, a health insurance issuer offering non-grandfathered health coverage must offer  legally married same-sex spouse coverage, if they offer coverage to opposite-sex spouses. This requirement was released as… Read more
