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Employee Benefits Compliance News

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The State of the Union Address and the Employee Benefits Market

On Tuesday, Feb. 4, 2020, President Donald Trump delivered the 2020 State of the Union Address (SOTU). The SOTU is an annual message delivered by the president to a […]
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Compliance Update: House & Senate Pass Spending Bill That Would Repeal Some ACA Taxes

The Federal Spending Bill has now passed both the House and the Senate. The next step is the President to sign it into law, which he is expected to do. In […]
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Final Forms for ACA Reporting Released

Overview On Dec. 9, 2019, the Internal Revenue Service (IRS) released final 2019 forms and instructions for reporting under Internal Revenue Code (Code) Sections 6055 and 6056. 2019 Forms […]
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DRAFT FORMS FOR 2019 ACA REPORTING RELEASED

Overview On Nov. 13, 2019, the Internal Revenue Service (IRS) released draft 2019 forms and instructions for reporting under Internal Revenue Code (Code) Sections 6055 and 6056. 2019 draft […]
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IRS Announces Employee Benefit Plan Limits for 2020

OVERVIEW Many employee benefits are subject to annual dollar limits that are periodically increased for inflation. The Internal Revenue Service (IRS) recently announced cost-of-living adjustments to the annual dollar […]
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Compliance Bulletin: DOL Proposes New Method for Electronic Delivery of Retirement Plan Disclosures

OVERVIEW On Oct. 23, 2019, the U.S. Department of Labor (DOL) published a proposed rule that would allow plan administrators to make retirement plan disclosures available on a website. […]
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ACA COMPLIANCE BULLETIN: PROPOSED RULE ON THE IMPACT OF ICHRAs ON THE ACA’S PAY OR PLAY RULES

OVERVIEW Beginning Jan. 1, 2020, some employers will be able to offer individual coverage HRAs (ICHRAs) to help employees pay for individual health insurance. ICHRAs were established by a […]
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Compliance Overview: Key HSA Features – 2020 Compliance

Health savings accounts (HSAs) are a popular type of tax-advantaged medical savings account available to individuals enrolled in high deductible health plans (HDHPs). Individuals can use their HSAs to […]
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ACA COMPLIANCE BULLETIN: IRS CONFIRMS ACA PAY OR PLAY PENALTIES STILL APPLY

OVERVIEW The IRS Office of Chief Counsel recently released an information letter regarding the employer shared responsibility (pay or play) penalties under the Affordable Care Act (ACA). This information […]
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COMPLIANCE UPDATE: OPEN ENROLLMENT 2020 BENEFIT NOTICES

Employers that sponsor group health plans should provide certain benefit notices in connection with their plans’ open enrollment periods. Some of these notices must be provided at open enrollment […]
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