EBIA Weekly Newsletter

DOL Issues Additional FAQ Guidance Regarding the Fiduciary Rule and Its Effect on Fiduciary Status Disclosures


   August 10, 2017

Conflict of Interest FAQs (408b-2 Disclosure Transition Period, Recommendations to Increase Contributions and Plan Participation) (Aug. 2017) Available at https://www.dol.gov/sites/default/files/ebsa/about-ebsa/our-activities/resource-center/faqs/coi-transition-period-2.pdf The DOL has issued additional FAQ guidance interpreting the DOL’s final fiduciary rule on investment advice conflicts and related prohibited transaction exemptions (PTEs), and providing transition relief for updates to the … Read More


IRS Revises Memorandum on Multiple Loan Limitations


   August 10, 2017

Memorandum for Employee Plans (EP) Examinations Employees: Computation of Maximum Loan Amount under IRC § 72(p)(2)(A)—Revised, TE/GE-04-0717-0020 (July 26, 2017) Available at https://www.irs.gov/pub/foia/ig/spder/tege-04-0717-0020.pdf The IRS has released a memorandum revising and superseding a memorandum issued to Employee Plans (EP) examination employees in April that described two interpretations of the multiple loan … Read More


Can Our Health FSA Reimburse Insurance Premiums Paid by Our Employees?


   August 10, 2017

QUESTION: An employee has asked whether our health FSA can reimburse the premiums he pays for private dental insurance. Am I right that a health FSA cannot reimburse insurance premiums? ANSWER: You are correct that a health FSA cannot treat employees’ premium payments for health insurance coverage as reimbursable expenses. Some employers are surprised by … Read More