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.
401(k): What’s in a Name? IRS Changes Terminology for Preapproved Plans
In 2017, the IRS made sweeping changes to its rulings and determination letter program for qualified plans. The most striking change was the elimination of the prior five-year cycle for submitting determination letter applications for individually designed plans. Similarly, the
401(k): Let Us Observe a Moment of Silence for the Fiduciary Rule
On May 7, 2018, the U.S. Department of Labor (“DOL”)’s controversial “Fiduciary Rule” – long the bane of the ERISA financial services industry – was taken off life support, following a lengthy series of blows. The latest, and most lethal,
H&W 2019 HSA Limits Released
HSA (health savings account) cost-of-living contribution and coverage adjustments for 2019 have been issued in Revenue Procedure 2018-30 . The new 2019 HSA contribution limits, minimum deductibles and maximum out-of-pocket expense levels for calendar year 2019 are as follows: HSA Annual Contribution
H&W Need Help Determining ALE Status?
Not sure if your company is considered an ALE? Here's help! The Internal Revenue Service has released Publication 5208 to provide assistance to entities as they attempt to determine whether or not they are considered an applicable large employer (“ALE”).