Did you know that you do not need to mail Form 1095-Cs if a notice is posted by March 3, 2025?
At the end of last year, a new law was enacted that would allow employers to provide Form 1095-C only if requested, so long as the employer complied with the IRS guidance. The IRS…
Individuals who are 50 years old or older may make additional contributions to 401(k) plans, referred to as catch-up contributions. Secure 2.0 included a requirement that starting January 1, 2024, only participants who earn $145,000 or less (as adjusted) in the previous year may make pre-tax contributions. Individuals who earned more than $145,000 in the…
McNees’ Benefits Group will be issuing a “Did you know?” series throughout the year providing short compliance reminders.
Did you know that beginning in January 2024, participants may only make Roth catch-up contributions to their 401(k) (and may not make pre-tax catch-up contributions) if they earned more than $145,000 (as adjusted by the…
McNees’ Benefits Group will be issuing a “Did you know?” series throughout the year providing short compliance reminders.
Did you know that if you maintain a cafeteria plan, you have to complete annual non-discrimination testing?
For more information regarding compliance for your benefit plans, contact any member of the McNees Labor and Employment
McNees’ Benefits Group will be issuing a “Did you know?” series throughout the year providing short compliance reminders.
Did you know that qualified retirement plans may now allow a participant with a terminal illness to receive distributions from their retirement accounts without incurring the usual 10% penalty? The employer will need to amend…
McNees’ Benefits Group will be issuing a “Did you know?” series throughout the year providing short compliance reminders.
Did you know that group health plans are required to submit a gag clause prohibition compliance attestation to the Departments of Labor, Health and Human Services, and Treasury prior to December 31, 2023? The annual…
McNees’ Benefits Group will be issuing a “Did you know?” series throughout the year providing short compliance reminders.
Did you know that an employer must issue an updated summary plan description (“SPD”) at least every five (5) years that contains all recent amendments? If there were no amendments to the SPD, then the…
McNees’ Benefits Group will be issuing a “Did you know?” series throughout the year providing short compliance reminders. This is the first in the series.
Did you know that if you withhold premium payments pre-tax from employee wages, you must have a cafeteria plan (also called 125 plan)? If you do not have…
The Consolidated Appropriations Act of 2023 (“Act”) was passed by Congress in late December 2022 and signed by President Biden on December 29, 2022. The Act, a $1.7 trillion dollar spending bill, contains provisions which modify the laws applicable to welfare benefit plans and retirement benefit plans. Below is a high-level list of the provisions…
A recently published FAQ prepared by the Departments of Labor, Health and Human Services and Treasury answers frequently asked questions regarding vaccine premium differentials and HIPAA nondiscrimination rules, as well as the cost shares for vaccine boosters.
Vaccine Premium Differentials
ERISA and other regulations prohibit plans “from discriminating against participants, beneficiaries, and enrollees in eligibility,…
