Administering a retirement plan is a complicated task fraught with potential missteps. Fortunately, employers are now able to self-correct most errors and thereby avoid the considerable time and expense of filing an...more
With the COVID-19 Public Health Emergency (PHE) set to end on May 11, 2023, federal agencies have published FAQs explaining how the end of the PHE will affect previously extended deadlines relating to COBRA, HIPAA special...more
4/6/2023
/ Benefit Plan Sponsors ,
Biden Administration ,
COBRA ,
Coronavirus/COVID-19 ,
Deadlines ,
Employee Benefits ,
Employees ,
Employer Liability Issues ,
Health and Welfare Plans ,
Health Insurance Portability and Accountability Act (HIPAA) ,
Health Plan Sponsors ,
Public Health Emergency
All employers are faced with challenges and compliance risks associated with providing benefits to their employees. However, these risks and challenges can vary greatly by industry. Employers (and their advisors) who...more
1/25/2023
/ 457(b) Plans ,
Colleges ,
Educational Institutions ,
Employee Benefits ,
Employee Definition ,
Employees ,
Employer Liability Issues ,
Retirement ,
Retirement Plan ,
Students ,
Universities
The Internal Revenue Service (IRS) has published proposed regulations that, if finalized, will ease some of the requirements imposed on employers reporting offers of minimum essential health coverage, including a permanent...more
11/24/2021
/ Affordable Care Act ,
Corporate Counsel ,
Deadlines ,
Employee Benefits ,
Employees ,
Employer Group Health Plans ,
Employer Liability Issues ,
Extensions ,
Good Faith ,
Health Insurance ,
IRS ,
Proposed Regulation ,
Reporting Requirements
In Notice 2021-31, the Internal Revenue Service (IRS) provides broad guidance in a question-and-answer format on the application of the American Rescue Plan Act of 2021 (ARP) regarding premium assistance under the...more
6/2/2021
/ American Rescue Plan Act of 2021 ,
Benefit Plan Sponsors ,
COBRA ,
Employee Benefits ,
Employees ,
Employer Group Health Plans ,
Employer Liability Issues ,
IRS ,
Notice Requirements ,
Premium Subsidies ,
Termination Clauses
The Internal Revenue Service (IRS) has published Notice 2021-26 to provide answers regarding the taxability of benefits received in 2021 and 2022 under a dependent care assistance program (DCAP) that permits carryovers or...more
5/13/2021
/ Cafeteria Plans ,
Carryover Basis ,
Consolidated Appropriations Act (CAA) ,
Coronavirus/COVID-19 ,
Dependent Care Assistance Program (DCAP) ,
Employee Benefits ,
Employees ,
Employer Liability Issues ,
Flexible Spending Accounts ,
Grace Period ,
Internal Revenue Code (IRC) ,
IRS ,
Tax Code
The Taxpayer Certainty and Disaster Tax Relief Act, recently passed as part of the “Consolidated Appropriations Act, 2021,” has significantly extended the tax exclusions for employer-paid student loan repayment assistance...more
1/7/2021
/ CARES Act ,
Consolidated Appropriations Act (CAA) ,
Department of Labor (DOL) ,
Employees ,
Employer Liability Issues ,
IRS ,
New Legislation ,
Non-Taxable Income ,
Relief Measures ,
Student Loans ,
Tax Credits ,
Trump Administration
The president has signed into law the Taxpayer Certainty and Disaster Tax Relief Act of 2020, which includes several temporary special rules aimed at minimizing forfeitures and increasing the utility of health and dependent...more
12/30/2020
/ Carryover Basis ,
Coronavirus/COVID-19 ,
Employee Benefits ,
Employees ,
Employer Group Health Plans ,
Employer Liability Issues ,
Flexible Spending Accounts ,
IRS ,
Relief Measures ,
Temporary Regulations ,
Trump Administration
As noted in Part I and Part II of this series, benefits compliance concerns typically take a backseat to the many good reasons for healthcare organizations to provide or receive the services of leased employees. However, with...more
As discussed in Part I of this series, there are clear business reasons for healthcare organizations to enter into employee leasing arrangements, including to receive ongoing services, to bridge transitions in mergers and...more