DOL Begins Collecting Information for Retirement Savings Lost and Found Database EBSA Announcement of Voluntary Information Collection Request: Retirement Savings Lost and Found, 89 Fed. Reg. 91787 (Nov. 20, 2024); Fact …
Do Employer Contributions Count Toward the Contribution Limit That Applies to Health FSAs? QUESTION: Our company’s cafeteria plan includes a health FSA that has always been funded solely by employee salary reductions. For …
IRS Announces 2025 Retirement Plan Dollar Limits and Thresholds IRS Notice 2024-80 (Nov. 1, 2024); IRS News Release IR-2024-285 (Nov. 1, 2024) Notice News Release The IRS has announced …
What Are the Medicare Secondary Payer Reporting Requirements for Our Company’s Group Health Plans? QUESTION: We’ve heard that employer-provided health plans are subject to Medicare Secondary Payer (MSP) mandatory reporting requirements. Does our company …
SSA Announces Social Security Taxable Wage Base for 2025 SSA Press Release: Social Security Announces 2.5 Percent Benefit Increase for 2025 (Oct. 10, 2024); SSA Fact Sheet: 2025 Social …
What Are Mandatory 401(k) Roth Contributions Under the SECURE 2.0 Act? QUESTION: We have heard that the SECURE 2.0 Act will require us to treat certain catch-up contributions under our 401(k) …
Senators Question IRS Commissioner on Spending, Budget The Senate Finance Committee heard from IRS Commissioner Danny Werfel about how the agency spent $80 billion in funding this …
Tax Orgs Find Draft Dual Consolidated Loss Regs Problematic Upon the closure of the public comment period for proposed regs addressing issues related to dual consolidated losses (DCL) and rules on …
Corporate Stock Repurchase Excise Tax Prop Regs Issued The IRS has issued proposed regs that would provide guidance concerning the 1% excise tax owed on corporate stock repurchases. …