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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.
Reminder: Transparency Rule for Welfare Plans Takes Effect July 1, 2022
This blog is a reminder that on July 1, 2022, the federal government will begin enforcement of the Transparency in Coverage (TIC) Rules. The Rules themselves were effective for plan years beginning on or after January 1, 2022, but enforcement
401(K) CURRENT EVENTS: AGENCIES RELEASE FINAL FORM 5500 REVISIONS FOR MEP REPORTING
On May 23, 2022, the IRS, DOL and the PBGC released final regulations that make revisions to Forms 5500 and 5500-SF applicable to annual reports for retirement plans (including 401(k) plans) filed for plan years beginning on or after January
401(K) CURRENT EVENT: IRS EXTENDS RELIEF FROM “PHYSICAL PRESENCE REQUIREMENT”
On May 13, 2022, the IRS released Notice 2022-27, granting a six-month extension to the temporary relief from the “physical presence requirement” for tax-qualified retirement plans, including 401(k) plans, that was previously announced in June 2021 (see our blog post.
CAA #16: Status of the IDR Process
The No Surprises Act (NSA) created a process intended to prevent patients from receiving surprise medical bills for services they might receive from out-of-network health care providers in circumstances where an individual is not reasonably able to choose to receive