Archive by category: Benefits in GeneralReturn
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The DOL recently finalized regulations regarding the claims procedure for employee benefit plans which provide disability benefits. The final rule largely tracks the proposed rule which came out last year. The final rule strengthens current rules by providing additional procedural protections and safeguards.
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Categories: Benefits in General, Compliance | Tags: disability , claim , DOL
That depends. The answer will be different if the employee has a cafeteria plan with runout, grace period or rollover.
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Categories: Benefits in General, Compliance | Tags: HSA , Health FSA , Grace Period , Rollover , Runout
As calendar-year cafeteria plans have begun the 2017 plan year, employers might be wondering whether it is really too late to allow employees to make changes to or revoke their flexible spending account (FSA) elections, especially if it is prior to the first payroll of the new plan year.
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Categories: Benefits in General | Tags: fsa , flexible spending accounts , cafeteria plan , permitted election change
December 22, 2016 the IRS provided several updates to the FAQ’s on their website.
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Categories: Benefits in General, Health Care Reform, Compliance | Tags: IRS , ACA , FAQ , 1094 , 1095 , Pay or Play , Employer Reporting
The IRS issues Notice 2016-79, announcing the optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
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Categories: Benefits in General, Compliance, Health Care in General | Tags: IRS , Medical , Mileage , Business , Charitable , 2017 limits

DOL Releases Form 5500 for 2016 Plan Year

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The DOL has released the 2016 Form 5500 series, including Form 5500-SF, Schedules, and Instructions.
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Categories: Benefits in General, Compliance | Tags: 5500 , DOL , IRS

IRS Announces 2017 Pension Plan Limitations

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Today the IRS issued Notice 2016-62 announcing the cost of living adjustments for pension plans and other retirement-related items for the tax year 2017.
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Categories: Benefits in General, Compliance | Tags: Highly Compensated , Key Employee , Nondiscrimination Testing , IRS , 401K , Retirement
The [DOL], IRS and PBGC decided to extend the public comment period on the proposed forms revisions and regulatory amendments from the original Oct. 4, 2016 deadline to the new Dec. 5, 2016 deadline.
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Categories: Benefits in General, Compliance | Tags: 5500 , DOL
Open Enrollment season generally has employers asking if they can send benefit documents via email or post to the company’s intranet site versus distributing information by paper.
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Categories: Benefits in General, Compliance, Health Care in General | Tags: DOL , Electronic Delivery , Safe Harbor , SPD

IRS and DOL Propose Form 5500 Revisions

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Just a few short weeks after the DOL announced the penalties will increase to $2,063 per day for failure to file Form 5500s, on July 21, 2016, the Department of Labor (DOL), the Internal Revenue Service (IRS), and the Pension Benefit Guaranty Corporation (PBGC) (together called Agencies) will publish in the Federal Register a Notice of Proposed Forms Revisions to the Form 5500 Annual Return/Report Series.
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Categories: Benefits in General, Health Care Reform, Compliance | Tags: IRS , DOL , 5500 , Group Health Plans , FSA , HRA , HDHP
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