On April 17, 2025, the Supreme Court resolved a circuit split on the appropriate pleading standard for a specific type of prohibited transaction claim under ERISA. While that decision may sound dry and technical, the...more
4/22/2025
/ 403(b) Plans ,
Benefit Plan Sponsors ,
Cunningham v Cornell University ,
Employee Benefits ,
ERISA Litigation ,
Fiduciary Duty ,
Pleading Standards ,
Prohibited Transactions ,
Retirement Plan ,
SCOTUS ,
Split of Authority
Next year, President-elect Donald Trump's administration will begin implementing its agenda. The new administration's priorities and positions on certain benefits-related issues are expected to take a dramatic shift from...more
12/23/2024
/ Affordable Care Act ,
Anti-Discrimination Policies ,
Benefit Plan Sponsors ,
Biden Administration ,
Compensation & Benefits ,
Department of Labor (DOL) ,
Employee Benefits ,
Environmental Social & Governance (ESG) ,
Fiduciary Rule ,
Legislative Agendas ,
Sexual Orientation Discrimination ,
Transgender ,
Trump Administration
The end of 2024 brings important deadlines and dates for employers that sponsor 401(k) plans, 403(b) plans, governmental 457(b) plans, and group health plans....more
12/3/2024
/ 401k ,
403(b) Plans ,
457(b) Plans ,
Benefit Plan Sponsors ,
Compensation & Benefits ,
Employee Benefits ,
Employer Group Health Plans ,
Filing Deadlines ,
Reporting Requirements ,
Retirement Plan ,
Year-End Planning
The Internal Revenue Service (IRS) has announced 2025 dollar limits on benefits, contributions, and compensation. The Internal Revenue Code (Code) affords tax benefits for employers that sponsor qualified plans and for...more
11/6/2024
/ Benefit Plan Sponsors ,
Contribution Limits ,
Cost-of-Living Adjustment (COLA) ,
Employee Benefits ,
Employer Group Health Plans ,
Health Savings Accounts ,
Internal Revenue Code (IRC) ,
IRS ,
Qualified Retirement Plans ,
Retirement Plan ,
Social Security Administration (SSA)
On August 25, 2023, the IRS issued guidance delaying until January 1, 2026 the SECURE 2.0 requirement that any age 50 catch-up contributions by an employee with prior-year compensation over $145,000 be made on a Roth basis,...more
On December 29, 2022, President Biden signed into law the Consolidated Appropriations Act, 2023. This legislation includes the highly anticipated SECURE 2.0 Act, which expands and supplements the original SECURE Act of 2019....more
1/19/2023
/ 401k ,
403(b) Plans ,
Benefit Plan Sponsors ,
Contribution Limits ,
Employee Benefits ,
Individual Retirement Account (IRA) ,
Natural Disasters ,
Relief Measures ,
Required Minimum Distributions ,
Retirement ,
Retirement Plan ,
Roth IRA ,
Safe Harbors ,
SECURE Act ,
Student Loans
The Internal Revenue Service (IRS) has announced 2023 dollar limits on benefits, contributions, and compensation. The Internal Revenue Code (Code) affords tax benefits for employers that sponsor qualified plans and for...more
By July 31, employers that sponsor self-funded medical plans must report and pay their PCORI fee. By July 31, employers that sponsor calendar-year employee benefit plans that are subject to ERISA must file a Form 5500 (unless...more
The Supreme Court recently issued a unanimous decision reinstating an ERISA class action against fiduciaries of Northwestern University's 403(b) retirement plans. In Hughes v. Northwestern University, the petitioners alleged...more
On Monday, the government issued frequently asked questions (FAQs) requiring employer group health plans (Plans) and health insurance issuers to cover certain over-the-counter (OTC) COVID-19 tests at no cost to the...more
1/14/2022
/ Compensation & Benefits ,
Coronavirus/COVID-19 ,
Cost-Sharing ,
Employee Benefits ,
Employer Group Health Plans ,
Health Insurance ,
Healthcare ,
Infectious Diseases ,
Medical Reimbursement ,
New Regulations ,
Over The Counter Drugs (OTC) ,
Virus Testing ,
Workplace Safety