As most New York City employers know by now, beginning January 1, 2016, the New York Mass Transit Benefits Law (the "ordinance") requires employers with twenty or more full-time employees working in New York City to offer...more
11/5/2015
/ Cafeteria Plans ,
Collective Bargaining ,
Collective Bargaining Agreements (CBA) ,
Compliance ,
Employee Benefits ,
Fringe Benefits ,
Independent Contractors ,
Internal Revenue Code (IRC) ,
Mass Transit ,
Partnerships ,
Public Transit ,
Railways ,
Reimbursements ,
S-Corporation ,
Wage and Hour ,
Wage Deductions
On October 21, 2015, in Information Release 2015-118, the IRS announced cost-of-living adjustments to various dollar limitations under the Internal Revenue Code (the "Code") for pension plans and other related items for the...more
10/28/2015
/ 401k ,
403(b) Plans ,
457(b) Plans ,
Affordable Care Act ,
Cost-of-Living Adjustment (COLA) ,
Defined Contribution Plans ,
Department of Health and Human Services (HHS) ,
Employee Benefits ,
FSA ,
Health Insurance ,
Healthcare ,
Individual Retirement Account (IRA) ,
Insurance Industry ,
Internal Revenue Code (IRC) ,
IRS ,
Medicare Part B ,
Multiemployer Plan ,
Retirement Plan ,
Social Security Act ,
Social Security Administration (SSA) ,
Tax Credits
On April 14, 2015, the U.S. Department of Labor (DOL) reissued the long-awaited re-proposal of its regulation expanding the definition of "fiduciary" under the Employee Retirement Security Act of 1974, as amended (ERISA), and...more
The Tax Increase Prevention Act of 2014 ("TIPA") was signed into law by President Obama in December of last year. One of the changes made by the Act (Section 206) was a change in the Internal Revenue Code to create – and to...more
On November 14, 2013, the Internal Revenue Service issued final regulations modifying some of the conditions for making mid-year changes to employer matching or nonelective contributions under plans that utilize the...more