DOL ISSUES FINAL ASSOCIATION HEALTH PLAN RULES

  • November 13, 2018

Overview On October 12, 2017 the Trump Administration issued the “Executive Order Promoting Healthcare Choice and Competition Across the United States” (Executive Order 13813). The general purpose of the Executive Order was to expand healthcare coverage options available to both individuals and small employer groups outside of the Patient Protection and Affordable Care Act (“ACA”) … Read more…

IRS Issues 2019 Cost of Living Adjustments

  • November 13, 2018

On November 1, 2018 the Internal Revenue Service announced the cost of living adjustments (“COLAs”) for the dollar limitations for qualified plans and other related items for the 2019 tax year.  Highlights in the COLAs include: The limit on annual IRA contributions has increased from $5,500 to $6,000. This is the first IRA contribution increase … Read more…

IRS Modifies Model Rollover Notices

  • September 20, 2018

On September 18, 2018 the IRS issued Notice 2018-74 which updated and revised the model notices that retirement plan administrators are required to provide to recipients of eligible rollover distributions.  The model notices apply to 401(k) plans, both Roth and Non-Roth accounts/plans, as well as certain plans sponsored under Sections 403(b) and 457 of the … Read more…

DOL Issues Updated FMLA Notices And Forms

  • September 20, 2018

On September 4, 2018, the Department of Labor issued updated Family and Medical Leave Act (“FMLA”) notices and certification forms.  The new notices and forms contain a new expiration date of August 31, 2021, but are otherwise substantively the same as the prior versions. The new notices and forms were issued due to a regulatory … Read more…

Tax Bill Provides Tax Credit for Qualifying Medical Leave

  • January 29, 2018

The new tax bill which was recently enacted into law allows a tax credit for employers who provide employees with paid family and medical leave.  If the requirements of the credit are met, businesses will receive a reduction in their federal income taxes based on the amount of paid leave provided to employees. The amount … Read more…