Resource Center

On Friday, March 27, 2020, the President signed the Coronavirus Aid, Relief and Economic Security Act, commonly known as the CARES Act.  Although the CARES Act is a complicated law with a dizzying array of provisions, the focus of this Alert is strictly on those parts that affect eligible retirement […]

With more and more employers having to cut employee hours or furlough employees in one form or another due to the coronavirus (COVID-19) outbreak, it is vitally important that employers review the terms of their employee welfare benefit plans.  This is true for group health plans and non-group health plans […]

To read this Alert in PDF format, click HERE. At the beginning of 2019 we prepared an Alert summarizing changes that Congress and the IRS have made to the rules governing hardship distributions from 401(k) and 403(b) plans.  (That Alert can be found HERE). As explained in this Alert, many […]

To read this Alert in PDF format, click HERE. At the beginning of 2019, we prepared an Alert summarizing changes that Congress and the IRS had made to the rules governing hardship distributions from 401(k) and 403(b) plans. (That Alert can be found HERE.) Since then, two things have happened:  First, […]

If employees are insured under individual policies of health insurance, can their employer pay the premiums for that coverage?  Right now, the answer is “no,” subject to limited exceptions for certain small employers and S corporations. Beginning January 1, 2020, however, that answer will change and employers of all sizes […]

Hardship Distribution Rules – Once funds have been put into a 401(k) or 403(b) plan, the normal rule is that they cannot be withdrawn by the participant while the participant is still employed.  There are, however, several exceptions to this general rule, including an exception that allows plans to make […]

The past couple of years have been relatively quiet on the 401(k) plan front.  This is particularly true with respect to IRS required plan document changes.  This has been a welcome break. There was a time when it seemed like plan amendments were required nearly every year.  However, we would […]

About that Change in the HSA Dollar Limit – The IRS Just Said “Never Mind” On March 2, 2018, the Internal Revenue Service (“IRS”), following the directions it had been given by Congress, threw a curve at nearly everyone by announcing that the dollar limit for 2018 contributions to a […]

Health Savings Accounts: Congress and the IRS Team Up to Throw Us a Curve Spring training is still underway and Opening Day is two weeks away, but the first curveball of the 2018 employee benefits season has just been thrown. The dollar limits for contributions to Health Savings Accounts (“HSAs”) […]

IRS Again Extends Deadline for Distributing 1095-B and 1095-C Forms and Continues Good Faith Standard in Completing Forms If the IRS releases new guidance so late in December that nearly everyone has already left for Christmas vacation, is the effect the same as a tree falling in a vacant forest?  […]