Under SECURE 2.0, plan sponsors were granted discretion to determine whether or not the plan would recoup "inadvertent benefit overpayments." However, SECURE 2.0, did not define the term, leaving implementation of the new...more
4/18/2025
/ 401k ,
Benefit Plan Sponsors ,
Employee Benefits ,
EPCRS ,
Fiduciary Duty ,
Interim Guidance ,
Internal Revenue Code (IRC) ,
IRS ,
New Guidance ,
Overpayment ,
Retirement Plan ,
SECURE Act
Just before the holidays, two bills impacting reporting under the Affordable Care Act (“ACA”), H.R. 3801 (EMPLOYER REPORTING IMPROVEMENT ACT) and H.R. 3797 (PAPERWORK BURDEN REDUCTION ACT), passed both houses and were sent to...more
Earlier this year, the Internal Revenue Service (IRS) issued a number of new notices updating and clarifying the preventive services expenses that high deductible health plans (“HDHP”) can cover without affecting a...more