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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.
Updated Tool To Check Mental Health Parity Compliance
The Department of Labor (DOL) announced the release of an updated tool to help employers comply with the Mental Health Parity and Addiction Equity Act (MHPAEA) and related requirements under the Employee Retirement Income Security Act (ERISA). The self-compliance tool
Health and Welfare: IRS Releases 2021 Adjusted Dollar Limits
The IRS recently announced the tax year 2021 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes. Notice 2020-45 provides details about these annual adjustments. Here are the highlights for employers
401(k): IRS Releases 2021 Adjusted Dollar Limits
On October 26, 2020, the IRS released its annual notice, Notice 2020-79, setting forth the various dollar limitations for contributions and benefits under qualified retirement plans, including 401(k) plans. The new limits will be in effect as of January 1,
IRS Releases Final 1094/1095 B and C Forms
The IRS released final Forms 1094/1095-B and Forms 1094/1095-C and related instructions for the 2020 tax year. The new forms add information related to Individual Coverage HRAs (ICHRAs), but make few additional changes. SUMMARY OF CHANGES FOR 2020 ICHRA 1095-B: