Don’t Forget: PCORI Fee Due Next Month
As COVID-19 has brought numerous changes to the world of health benefits, the Internal Revenue Service (IRS) published Notice 2020-44 to remind us that the PCORI fee is still due …
DOL Issues Guidance on 401(k) Plan Investments in Private Equity
On June 3, 2020, the U.S. Department of Labor (“DOL”) issued guidance in the form of an Information Letter that significantly expands the defined contribution retirement plan (including 401(k) plan) …
DOL Releases Final Regulations on Default Electronic Notices and Disclosures for 401(k) Plans
On May 21, 2020, the U.S. Department of Labor (“DOL”) released Final Regulations (along with a related DOL fact sheet) permitting administrators of retirement plans (including 401(k) plans) to use …
IRS Provides Relief to Cafeteria Plans in Response to COVID-19
The IRS recently issued new guidance for cafeteria plans and high deductible health plans (HDHPs) pursuant to Notice 2020-29, which is specifically related to circumstances created by the COVID-19 pandemic. …
IRS Increases Maximum FSA Carryover Limit, Clarifies Timing for Reimbursement of Premiums
The IRS recently issued new guidance for section 125 cafeteria plans pursuant to Notice 2020-33. This guidance: Increases the allowable carryover amount for health FSAs that have a carryover feature. …