Blog
The information and content contained in this blog are for general informational purposes only, and does not, and is not intended to, constitute legal advice. As always, for specific questions concerning your health or 401(k) plans, please consult your own ERISA attorney or professional advisor.
IRS Reminds Employers With Health FSAs Of The Importance Of Substantiating Claims
In a Memorandum from the IRS Office of Chief Counsel, the IRS has reminded employers that sponsor health FSAs that all claims for benefits from the FSA must meet the substantiation rules. Those rules, simply put, are that all claims
Texas Court Vacates Requirement That Health Plans Cover Certain Preventive Services
The Affordable Care Act (ACA) includes a provision that requires non-grandfathered health plans to cover certain preventive health services on a first dollar basis without cost sharing. The ACA didn’t specify what services had to be covered. Instead, it delegated
401(K): What Do I Need To Know About SECURE 2.0? Overview Of Significant Provisions, Part III
As we have previously reported, Congress passed the SECURE 2.0 Act of 2022 (“SECURE 2.0”), a vast collection of retirement-related provisions having a profound effect on 401(k) plans, as part of the larger Consolidated Appropriations Act, 2023 (“CAA”) in late December
401(K) Current Events: Presidential Veto Thwarts Congressional Attempt To Nix DOL Rule On ESG Investments
As we reported in our recent blog entitled “DOL Issues Final Regulations on Prudence and Loyalty in Selecting 401(k) Plan Investments – ESG Funds Get a Thumbs Up”, on November 22, 2022, the U. S. Department of Labor (DOL) issued