2024 HSA & HDHP Limits Announced
Recently, the IRS released Rev. Proc. 2023-23, which outlines the adjusted amounts for health saving accounts (HSAs) and high deductible ...
Benefits
What Sequoia 401(k) Clients Need to Know: The Top 5 Takeaways from SECURE Act 2.0
SECURE Act 2.0 continues to dominate 401(k) plan conversations as employers wait on administrative guidance from both the Internal Revenue Service (...
[Updated]: Guidance Issued as Employers Navigate the End of the COVID-19 Emergency Declarations
Recently, the Departments of Labor, Health and Human Services, and Treasury (collectively “the Departments”) issued guidance in the form of ...
[Updated]: Public Health Emergency Extended Once Again: Impact to Group Health Plans
Effective October 13, 2022, the COVID-19 public health emergency once again was extended through January 11, 2023 by the Department of Health and Human ...
Prescription Drug Cost Reporting: Employer Guidance
Recently, the Department of Health & Human Services (HHS) released updated Prescription Drug Data Collection (RxDC) Reporting Instructions for the 2022 calendar ...
Prohibition of Gag Clauses: Attestation Guidance for Employers
Recently, the Departments of Labor, Health and Human Services, and Treasury (collectively “the Departments”) released guidance on the annual attestation ...
[Updated] New Air Ambulance Services Data Reporting Requirement
Under proposed regulations in Section 723 of the Employee Retirement Income Security Act of 1974 (ERISA), added by the No Surprise Act, ...
[Updated]: Prescription Drug Cost Reporting Requirement: Due Date Approaching
Group health plans and carriers will soon be required to report certain demographic and spending information about a plan’s ...
Student Loan Legislation: What Employers Need to Know
Student loan legislation continues to evolve, impacting both employers and employees with student loan debt. In this blog, we address ...
DOL Proposes Changes to its Voluntary Fiduciary Correction Program for 401(k) Plans
On November 21, 2022, the Department of Labor (“DOL”) released proposed changes to its Voluntary Fiduciary Correction Program (“VFCP”), which is a ...
SECURE Act 2.0 of 2022: A Round-Up of New Retirement Plan Provisions
On December 29, 2022, President Joe Biden signed the $1.65 trillion omnibus spending bill, officially called the Consolidated Appropriations Act of 2023,1 into law.
New IRS Requirements for 401(k) Plan Discretionary Matching Contributions
Every six years, the Internal Revenue Service (IRS) requires most retirement plans to update their plan documents to comply with ...