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.
GOVERNMENT PROVIDES GRACE PERIOD AND OTHER RELIEF FOR SUBMISSION OF PRECRIPTION DRUG AND HEALTH CARE SPENDING DATA
The Departments of Labor, Health and Human Services, and the Treasury (collectively, the Departments) have granted health plans and issuers a grace period to file reports on their prescription drug and healthcare spending. The first reports, covering 2020 and 2021,
IRS PERMANENTLY EXTENDS DEADLINE FOR FURNISHING ACA REPORTING FORMS TO EMPLOYEES
The IRS has issued a final regulation permanently extending the time that employers have to furnish statements to certain individuals regarding health coverage that may be provided by the employer. Briefly, Section 6055 of the Internal Revenue Code (IRC) requires
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) released Final Regulations on ERISA’s fiduciary duties of prudence and loyalty as it concerns retirement plan investing, focusing particularly on environmental, social, or governance (ESG) investments. Broadly stated, the new
401(K) CURRENT EVENTS: FOR SECOND CONSECUTIVE YEAR, IRS 2022 REQUIRED AMENDMENTS LIST DOES NOT AFFECT 401(K) PLANS
On November 21, 2022, the IRS released Notice 2022-62, its annual list of required amendments (RA List) for individually designed qualified retirement plans, including 401(k) plans. Notably, for the second consecutive year, the RA List contains no provisions directly applicable