No Surprises Act: New Final Rule and Guidance
On August 19, 2022, the Department of Health and Human Services, Department of Labor, and Department of Treasury (collectively, the Departments) issued ...
Benefits
Contraceptive Coverage Requirements: Clarification and Enforcement Intent
In response to continued complaints of non-compliance, the Department of Labor, Department of Health and Human Services, and the Department ...
The IRS’s New Pre-Audit Retirement Plan Compliance Pilot Program
On June 3, 2022, the Internal Revenue Service (IRS) announced a new pre-audit compliance pilot program (Program) for retirement plans, including 401ks.1 ...
[Updated] 5 Things You Should Know About California’s Retirement Plan Mandate
California small businesses or nonprofits with at least five employees must now offer a retirement plan to all adult employees, ...
Inflation Reduction Act of 2022: Group Health Plan Impact
On August 16, 2022, President Biden signed into law the Inflation Reduction Act of 2022 (the Act) impacting a broad range of issues ...
Environmental, Social and Governance Investing: What 401(k) Plan Sponsors Need to Know
Over the last few years environmental, social, and governance (ESG) has been a topic of conversation in the 401(k) industry ...
Wellbeing Support Following the Overturn of Roe v. Wade
In light of the overturn of Roe v. Wade, many employers are now considering various options to help support their ...
2023 ACA Affordability Decreases to 9.12%
Recently, the IRS released Rev. Proc. 2022-34, which sets the Affordable Care Act (ACA) affordability percentage to 9.12% for plan years ...
San Francisco Health Care Security Ordinance (SF HCSO) 2023 Rates Released
Recently, the 2023 San Francisco Health Care Security Ordinance (SF HCSO) expenditure rates were released, which are increased annually and vary ...
401(k) Plan Form 5500 Filing Deadline Approaches
Both small and large employers with a 401(k) plan must annually file an Internal Revenue Service (IRS) Form 5500, Annual Return/...
In the Wake of Hughes v. Northwestern: What 401(k) Fiduciaries Can Expect Moving Forward
For the past several years, retirement plans governed by the Employee Retirement Income Security Act of 1974, as amended (ERISA), have ...
The Federal Government’s Response in the Wake of the Dobbs v. Jackson Women’s Health Supreme Court Decision
On June 24, 2022, the U.S. Supreme Court issued an opinion in Dobbs v. Jackson Women’s Health Organization, where it ...