November 22, 2017

H&W IRS Letter 226J: ACA “Play or Pay Penalties” Loom

With another year soon drawing to a close, we have two years of employer shared responsibility reporting, aka 1094/1095 filings, under our belt. As a reminder, the employer shared responsibility mandates of the Affordable Care Act generally apply to employers that employ 50 or more full-time employees and these employers are referred to as applicable… Continue Reading

October 26, 2017

401(k) 2018 Inflation Adjustments

The IRS has provided 2018 inflation adjustments that could impact certain dollar limits that apply to 401(k) plans. An overview of the guidance on the 2018 401(k) plan limits is provided below. Limits on Participant Contributions: The maximum contribution limit has been increased for 2018, but the maximum catch-up contribution remains unchanged. A 401(k) plan participant may… Continue Reading

October 24, 2017

H&W 2018 Health FSA Contribution Limit

The IRS has released Revenue Procedure 17-58 which presents the 2018 cost-of-living adjustments for several tax-related limits including those for the health flexible spending arrangements (“Health FSA”).  For  taxable years beginning in 2018, the dollar limitation on voluntary employee salary reductions for contributions to a health FSA is $2,650.  Which is an increase of $50 from 2017…. Continue Reading

October 10, 2017

H&W IRS Finalizes 2017 Version of Forms 1094 and 1095 along with Instructions

The 2017 version of 1094 and 1095 reporting forms and instructions have been finalized by the IRS.   There are very few changes from the 2016 version of the forms, but those changes that were made are isolated to the expiration of Section 4980H transition relief that still remained in 2016 for certain employers that offered… Continue Reading


The latest PCORI fee amount has been released! Notice 2017-61 announced the PCORI fee for policy years and plan years that end on or after October 1, 2017, and before October 1, 2018.  The new fee amount is $2.39 which is an increase of 13 cents over the prior rate which was $2.26 for policy and plan… Continue Reading

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