Thomson Reuters Tax & Accounting News | Benefits

QUESTION: We have heard that the SECURE 2.0 Act will require us to treat certain catch-up contributions under our 401(k) …

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 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 …

Requirements Related to the Mental Health Parity and Addiction Equity Act: Final Rules, 26 CFR Part 54; 29 CFR Part …

QUESTION: Can we make a design change to our self-insured group health plan to impose a $1.5 million annual dollar …

Midthun-Hensen v. Grp. Health Coop. of S. Cent. Wis., Inc., 2024 WL 3646149 (7th Cir. 2024) Available at https://media.ca7.uscourts.gov/cgi-bin/OpinionsWeb/processWebInputExternal.pl?Submit=Display&Path=Y2024/D08-05/C:23-2100:J:Easterbrook:aut:T:fnOp:N:3244881:S:0 A …

HHS, Annual Civil Monetary Penalties Inflation Adjustment, 45 CFR Part 102, 89 Fed. Reg. 64815 (Aug. 8, 2024) Available at …

QUESTION: A COBRA qualified beneficiary has submitted a fraudulent claim to our health plan. Can we terminate her COBRA coverage …

FACC v. DOL, 2024 WL 3554879 (E.D. Tex. 2024); American Council of Life Insurers v. DOL, 2024 WL 3572297 (N.D. …

Final Regulations, Required Minimum Distributions, 29 CFR Parts 1, 31, and 54, 89 Fed. Reg. 58886 (July 19, 2024); Notice …