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 …
2024 Required Amendments List Primarily Addresses Optional Plan Provisions
IRS Notice 2024-82 (Dec. 5, 2024) Available at https://www.irs.gov/pub/irs-drop/n-24-82.pdf The IRS has issued its 2024 Required Amendments List (RA List) …
IRS FAQs: Guidance on Reemployed Veterans and Restoration of Plan Benefits
The IRS has updated its FAQs on the reemployment of veterans and the restoration of retirement plan benefits under the …
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 …
IRS Releases 2025 Cost-of-Living Adjustments for Health FSAs, Transportation Benefits, Adoption Assistance, and More
The IRS has released the 2025 cost-of-living adjustments (COLAs) for a wide variety of tax-related limits, including limits relating to …
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 …
Final Forms and Instructions for IRS’ 2024 ACA Reporting Available
The IRS has released final forms and instructions for Affordable Care Act (ACA) information reporting for 2024. As a reminder, Forms 1094 -B and …
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) …