Individuals who are 50 years old or older may make additional contributions to 401(k) plans, referred to as catch-up contributions. Secure 2.0 included a requirement that starting January 1, 2024, only participants who earn...more
On May 18, 2021, the IRS issued the long- awaited guidance on the COBRA subsidy and premium assistance credit available under the American Rescue Plan Act of 2021 through eighty-six questions and answers....more
5/21/2021
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Biden Administration ,
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Coronavirus/COVID-19 ,
Employee Benefits ,
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New Legislation ,
Premium Subsidies ,
Relief Measures ,
Tax Credits
On April 30, 2020, the Internal Revenue Service and the Department of Labor extended certain time frames for special enrollment in a health plan, COBRA coverage, claims procedures, and external reviews for all welfare and...more
In Revenue Procedure 2019-19 effective April 19, 2019, the IRS expanded a plan sponsor’s ability to Self-Correct certain retirement plan failures. This expansion makes it easier for plan sponsors to fix retirement plan...more