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) …
IRS Announces Special Per Diem Rates for Travel Away From Home Beginning October 1, 2024
IRS Notice 2024-68 (Sept. 20, 2024) Available at https://www.irs.gov/pub/irs-drop/n-24-68.pdf The IRS has announced special per diem rates that can be used …
DOL Clarifies That Its Cybersecurity Guidance Applies to All Employee Benefit Plans
DOL Compliance Assistance Release No. 2024-01 Available at https://www.dol.gov/agencies/ebsa/key-topics/retirement-benefits/cybersecurity/compliance-assistance-release-2024-01 The DOL’s Employee Benefits Security Administration (EBSA) has updated 2021 cybersecurity …
Final Mental Health Parity Rules Solidify NQTL Comparative Analysis Requirements
Requirements Related to the Mental Health Parity and Addiction Equity Act: Final Rules, 26 CFR Part 54; 29 CFR Part …
Can a Group Health Plan Add an Annual Dollar Limit on Benefits?
QUESTION: Can we make a design change to our self-insured group health plan to impose a $1.5 million annual dollar …