What Self-Correction Options Are Available for 401(k) Plan Fiduciary Mistakes?
QUESTION: We understand that the DOL has added a self-correction component under the Voluntary Fiduciary Correction (VFC) Program. What errors …
IRS Provides Guidance on Alternative Manner of ACA Reporting
Notice 2025-15 The IRS has released Notice 2025-15, which provides guidance on the Paperwork Burden Reduction Act provisions on how …
Can Employees Change Health FSA Elections Midyear If They Are Prevented From Receiving Medical Care That They Anticipated When Elections Were Made?
QUESTION: I administer our company’s health FSA, and employees often ask me if they can reduce their contributions because something …
May We Terminate COBRA Coverage If a Qualified Beneficiary Pays Less Than the Full Premium Amount?
QUESTION: Once a timely COBRA election and initial premium payment have been made, our employer-sponsored group health plan automatically terminates …
Can Our DCAP Reimburse Application Fees, Deposits, and Similar Expenses?
QUESTION: A DCAP participant has asked to be reimbursed for an application fee paid to a day-care center. Can our …
Does the ACA Prohibit a Group Health Plan From Excluding Certain Types of Providers?
QUESTION Does the ACA rule prohibiting discrimination with respect to health care providers prohibit a group health plan from excluding …
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 …