Lyndsey Barnett
Over the past few months, I have worked with many frustrated employers as they were trying to get their systems and data ready to comply with the new ACA reporting requirements. In early 2016, all large employers and all self-funded employers are required to report information to the IRS to assist the IRS in assessing both the ...
Over the past few months, I have worked with many frustrated employers as they were trying to get their systems and data ready to comply with the new ACA reporting requirements. In early 2016, all large employers and all self-funded employers are required to report information to the IRS to assist the IRS in assessing both the ...
Chris Allesee
Recently, I read an article that referenced a computer study about U.S. Supreme Court opinions. Apparently, the Court’s written opinions may be trending longer and “grumpier” than they used to, even if they are now easier to read. Always the optimist, I assume that the Court read this study, and in a monumental showing of ...
Recently, I read an article that referenced a computer study about U.S. Supreme Court opinions. Apparently, the Court’s written opinions may be trending longer and “grumpier” than they used to, even if they are now easier to read. Always the optimist, I assume that the Court read this study, and in a monumental showing of ...
Chris Allesee
For those that like to get a jump on planning for next year, the IRS just announced the new 2016 contribution limits for a health savings account (“HSA”), as well as the 2016 minimum deductible and maximum out-of-pocket limits associated with a high deductible health plan (“HDHP”). The IRS did not change several of the ...
Chris Allesee
No plan sponsor wants to constantly look over the shoulder of its plan’s third party administrator (“TPA”) regarding matters of routine administration. However, if your plan allows participant loans and hardship withdrawals, the IRS reminded us in a recent bulletin that it may be worth taking a quick glance to see how ...
No plan sponsor wants to constantly look over the shoulder of its plan’s third party administrator (“TPA”) regarding matters of routine administration. However, if your plan allows participant loans and hardship withdrawals, the IRS reminded us in a recent bulletin that it may be worth taking a quick glance to see how ...
Chris Allesee
In 2010, the Department of Labor issued proposed regulations that sought to expand the definition of a fiduciary to cover more individuals that provide investment advice to benefit plans and participants. The industry outcry was so fierce that the DOL withdrew the proposed regulations in 2011. Since then, the DOL hunkered down in ...
In 2010, the Department of Labor issued proposed regulations that sought to expand the definition of a fiduciary to cover more individuals that provide investment advice to benefit plans and participants. The industry outcry was so fierce that the DOL withdrew the proposed regulations in 2011. Since then, the DOL hunkered down in ...
Lyndsey R. Barnett
The ACA changed the rules on employers offering wellness programs a few years back. A detailed discussion of these rules is found here. If these ACA rules aren’t complicated enough, the EEOC is proposing to change the rules even further. While I find it frustrating that yet another governmental agency finds the need to ...
The ACA changed the rules on employers offering wellness programs a few years back. A detailed discussion of these rules is found here. If these ACA rules aren’t complicated enough, the EEOC is proposing to change the rules even further. While I find it frustrating that yet another governmental agency finds the need to ...
Chris Allesee
The IRS’ voluntary compliance program (“VCP”) provides a participant-conscious solution for plans with participant loans failures, including loans that exceed the allowable amounts or repayment period, or those that have gone into default. Oftentimes, a plan sponsor that applies under VCP can prevent the issuance of ...
The IRS’ voluntary compliance program (“VCP”) provides a participant-conscious solution for plans with participant loans failures, including loans that exceed the allowable amounts or repayment period, or those that have gone into default. Oftentimes, a plan sponsor that applies under VCP can prevent the issuance of ...
Chris Allesee
As I prepare to post this article to a blog, I am reminded of how rapidly communications technology has advanced over the last couple decades. In many ways, life has become much easier, as we rely on email, smartphones, cloud servers, and websites to instantly communicate with anybody, at any time, and from almost anywhere in the ...
As I prepare to post this article to a blog, I am reminded of how rapidly communications technology has advanced over the last couple decades. In many ways, life has become much easier, as we rely on email, smartphones, cloud servers, and websites to instantly communicate with anybody, at any time, and from almost anywhere in the ...
Lyndsey Barnett
Wellness programs are all the rage these days. All you need to do is walk down the street for a few minutes and you are bound to see someone checking their Fitbit for the amount of steps taken. In the past wellness programs consisted of smoking cessation programs and biometric screenings. But employers are getting more creative ...
Wellness programs are all the rage these days. All you need to do is walk down the street for a few minutes and you are bound to see someone checking their Fitbit for the amount of steps taken. In the past wellness programs consisted of smoking cessation programs and biometric screenings. But employers are getting more creative ...
Chris Allesee
Sometimes, a little perspective goes a long way. In the last month, I’ve dealt with kids running a constant cycle of colds and stomach bugs, weather-induced cabin fever, tax season, and a broken washing machine. To top it off, judging by the estimate I received, it appears I will be indirectly financing a new wing of our car ...
Sometimes, a little perspective goes a long way. In the last month, I’ve dealt with kids running a constant cycle of colds and stomach bugs, weather-induced cabin fever, tax season, and a broken washing machine. To top it off, judging by the estimate I received, it appears I will be indirectly financing a new wing of our car ...