Posts from June 2014.
Each year, around the beginning of summer it seems that I receive a call from a client whose 401(k) plan auditors have discovered an error with the compensation definition in their plan. A common scenario is that the plan has always provided that bonuses be included but the plan sponsor hasn’t been including some sort of bonus ...
Lyndsey Barnett
Effective for the 2014 plan year, no group health plan can make an individual who is otherwise eligible to enroll wait longer than 90 days to enroll in the plan. This rule applies to all group health plans regardless of size and wasn’t delayed with the employer mandate. The rule doesn’t require employers to provide coverage ...
Effective for the 2014 plan year, no group health plan can make an individual who is otherwise eligible to enroll wait longer than 90 days to enroll in the plan. This rule applies to all group health plans regardless of size and wasn’t delayed with the employer mandate. The rule doesn’t require employers to provide coverage ...
Tom Breitenbach
Several of our retirement plan clients lately have been the lucky winners of the “audit lottery” – seemingly standard requests by the Department of Labor for additional information and documents in preparation for an on-site audit. It now appears routine for the DOL to request a copy of the fee disclosure documents provided ...
Several of our retirement plan clients lately have been the lucky winners of the “audit lottery” – seemingly standard requests by the Department of Labor for additional information and documents in preparation for an on-site audit. It now appears routine for the DOL to request a copy of the fee disclosure documents provided ...
Lyndsey Barnett
Prior to February, I never really understood the phrase “it takes a village to raise a child.” Then I gave birth to my first child and now that phrase hits home. While I never expected to compare raising a child to complying with a massive piece of legislation, in the case of the Affordable Care Act, I think it is comparable.
Over the ...
Prior to February, I never really understood the phrase “it takes a village to raise a child.” Then I gave birth to my first child and now that phrase hits home. While I never expected to compare raising a child to complying with a massive piece of legislation, in the case of the Affordable Care Act, I think it is comparable.
Over the ...
Lyndsey Barnett
In December, we discussed why it is so important after the ACA for health FSA plans to be “excepted benefits.” In that blog post, we talked about the trap of employer credits and issues those can cause health FSAs. In this post, I want to explain several other practices which used to be common that cause a health FSA to not ...
Lyndsey Barnett
…if not, you are in the minority. High-deductible health plans coupled with health savings accounts (HSAs) have gained increasing popularity over recent years. I read an interesting article that predicts that HSAs could quadruple their growth over the next six years. The article predicts that 50 million Americans will be ...
…if not, you are in the minority. High-deductible health plans coupled with health savings accounts (HSAs) have gained increasing popularity over recent years. I read an interesting article that predicts that HSAs could quadruple their growth over the next six years. The article predicts that 50 million Americans will be ...