Investment and administrative committees for employer-sponsored retirement plans have long been the gold standard for a company to carry out its fiduciary obligations to plan participants as required by the Employee...more
Earlier this year, the U.S. Department of Health and Human Services (HHS) issued new regulations under the Health Insurance Portability and Accountability Act of 1996 (HIPAA). The rules impose new restrictions on the use and...more
The U.S. Securities and Exchange Commission (SEC) recently approved applications from large investment firms to offer spot bitcoin exchange-traded funds (ETFs). Retail investors can now buy bitcoin ETFs on traditional...more
1/18/2024
/ Benefit Plan Sponsors ,
Bitcoin ,
Cryptocurrency ,
Department of Labor (DOL) ,
Employee Benefits ,
Employer Liability Issues ,
ETFs ,
Fiduciary ,
Investment Firms ,
Retirement Plan ,
Risk Factors ,
Securities and Exchange Commission (SEC) ,
Securities Litigation ,
Securities Regulation
In this economic environment, employers are doing almost anything to attract and retain a quality workforce. Improving the suite of employee benefit offerings, sometimes without incurring major new expenditures, is top of...more
Just prior to the start of 2023 open enrollment season, the IRS finalized new rules that will now make it easier for some families to access premium tax credits (PTC) for health insurance purchased through an exchange...more
The IRS finalized new rules that change eligibility requirements for the premium tax credit (PTC) created under the Affordable Care Act. It is now easier for an employee’s family members to enroll in subsidized health...more
In one of the biggest attempts by the federal government to combat surprise medical billing, Congress in late 2020 passed the No Surprises Act (NSA), which imposes a host of new transparency and coverage requirements for...more
The Internal Revenue Service recently released a host of changes to Form 1095-C reporting required under the Affordable Care Act. This is welcome relief for large employers who struggle to deliver these forms to employees by...more
11/29/2021
/ Affordable Care Act ,
Employee Benefits ,
Employer Mandates ,
Filing Deadlines ,
Form 1094 ,
Form 1095 ,
Health Insurance ,
Internal Revenue Code (IRC) ,
IRS ,
Reporting Requirements ,
Time Extensions
Whether an employee’s vaccination status is protected by HIPAA has been (or should be) on the minds of all human resources personnel as of late. This is especially true in the wake of the U.S. Department of Labor’s...more
On May 5, 2021, the Ways and Means Committee in the U.S. House of Representatives showed a rare sign of bipartisanship by unanimously passing the Securing a Strong Retirement Act of 2021 – more commonly known as SECURE 2.0....more
Earlier this month, the American Rescue Plan Act of 2021 (ARPA) became the latest COVID relief package passed by the federal government. ARPA, just like the many COVID relief packages that came before it, contains a number...more
As many have likely heard, multiple COVID-19 vaccine candidates have rapidly reached the final stages of development and are showing extraordinary effectiveness. The vaccines are beginning to be submitted to the FDA for...more
In a similar move as in previous years, the IRS has issued relief from certain Form 1094-C and 1095-C reporting requirements under the Affordable Care Act relating to employee health plans, as well as relief from certain...more
10/19/2020
/ Affordable Care Act ,
Employee Benefits ,
Employer Group Health Plans ,
Filing Deadlines ,
Form 1094 ,
Form 1095 ,
Good Faith ,
Health Insurance ,
Individual Mandate ,
IRS ,
Penalties ,
Popular ,
Relief Measures ,
Reporting Requirements ,
Tax Liability
And just as we thought that the new coronavirus guidance was beginning to slow down, the IRS proved us wrong.
On June 23, 2020, the IRS issued new guidance on the waiver of required minimum distributions (“RMDs”) from...more
The coronavirus public health emergency has created a number of issues impacting employee benefit plans. Employers are asking numerous questions, including: What does our health plan have to cover as it relates to...more