Search

Search form

IRS Releases Proposed Regulations on Employer Penalty under Health Care Reform Law

The IRS released proposed regulations last week that amplify and modify earlier guidance issued on the 2010 health care reform law’s employer penalty provision.  Highlights of the proposed regulations include: For purposes of determining whether an employer has the threshold 50 full-time employees, an employer can use any consecutive 6-month period in 2013, instead of … Continue reading IRS Releases Proposed Regulations on Employer Penalty under Health Care Reform Law
January 3, 2013

IRS Updates Correction Procedures for Employer-Sponsored Retirement Plans

The Internal Revenue Service issued updated correction procedures for employer-sponsored retirement plans on New Years’ Eve. Revenue Procedure 2013-12 updates the Employee Plans Compliance Resolution System (“EPCRS”) previously set forth in Revenue Procedure 2008-50.  Now, nonprofit employers sponsoring 403(b) plans can correct document failures with the IRS’s blessing. A 403(b) plan document failure can be corrected … Continue reading IRS Updates Correction Procedures for Employer-Sponsored Retirement Plans
January 2, 2013

The DOL Has Started Auditing Group Health Plans for PPACA, as well as GINA and Wellness Program Compliance

The DOL has begun to audit PPACA compliance, is your plan ready?
December 14, 2012

More Health Care Reform Fees – Redistribution of Risk

Employers wrestling with how to budget for the additional costs associated with the 2010 health care reform law have one more cost to consider: the “transitional reinsurance program” fee. Barely discussed in the public forum up to now (probably because the amount per plan was not determinable), the government has clarified how this fee could impact … Continue reading More Health Care Reform Fees – Redistribution of Risk
December 12, 2012

How Employers Can Approach Health Care Reform’s Shared Responsibility Penalty

Many employers put off making plans to deal with the employer shared responsibility penalty provision of the 2010 health care reform law until after the November elections.  With President Obama’s re-election and no real possibility of legislative repeal, procrastinating further would be ill-advised.  Employers need to understand now the way the penalty can be triggered … Continue reading How Employers Can Approach Health Care Reform’s Shared Responsibility Penalty
December 5, 2012

IRS Extends Deadline to Amend Certain Defined Pension Plans

The IRS has extended the deadline for amending many defined benefits pension plans under Internal Revenue Code Section 436. Section 436 was added by the Pension Protection Act of 2006 (“PPA”) and provides a series of limitations on the accrual and payment of benefits under an underfunded plan. (For more information, see Your Defined Benefit … Continue reading IRS Extends Deadline to Amend Certain Defined Pension Plans
December 5, 2012

Proposed Wellness Regulations Would Raise Maximum Rewards, Among Other Changes

Federal agencies (IRS/HHS/DOL) issue proposed regulations concerning wellness programs
November 20, 2012

Your Defined Benefit Pension Plan May Need Amending Prior to December 31, 2012

Under Internal Revenue Code Section 436, which was added by the Pension Protection Act of 2006 (“PPA”), calendar year defined benefit pension plans must be amended by December 31, 2012. Section 436 provides a series of limitations on the accrual and payment of benefits under an underfunded plan. The provisions of Section 436 apply only to … Continue reading Your Defined Benefit Pension Plan May Need Amending Prior to December 31, 2012
November 11, 2012

Leave Sharing Programs and Other Steps Employers Can Take to Assist Employees Affected by Hurricane Sandy

Events like Hurricane Sandy often leave companies and employers scrambling for ways to assist those affected by the storm, including the company's employees and their families. Here are some ways employers can help.
November 5, 2012

Wellness Program Survives under ADA “Safe Harbor,” Eleventh Circuit Rules

Wellness Program Survives under ADA "Safe Harbor," Eleventh Circuit Rules
August 21, 2012

Pages