Round Up of Employer Pay Disclosure & Reporting Requirements in 2023
There has been a growing trend of states and localities that have passed pay transparency laws aimed at combating wage ...
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[UPDATED] 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 ...
IRS Announces New PCORI Fee Rates
The IRS recently released Notice 2022-59, which outlines the Patient-Centered Research Institute (PCORI) fee rate for plan years ending on ...
The Inflation Reduction Act’s Impact on 401(k) Plans
On August 16, 2022, President Joe Biden signed the Inflation Reduction Act of 20221 (the “Act”) into law. After passing the House of ...
DHS Extends Temporary I-9 Virtual Verification for Certain Remote Employees through July 2023
The Department of Homeland Security (DHS), U.S. Immigration and Customs Enforcement (ICE), has issued an additional extension of the ...
[Updated] IRS Releases Final Rule on ACA “Family Glitch” and Allows Employers to Make a Cafeteria Plan Change
Earlier this year, we wrote about the IRS Proposed Rule Impacting Affordability for Family Coverage and on October 13, 2022, the IRS ...
IRS Clarification Issued for 401k Plan’s Required Minimum Distribution Rules
On October 7, 2022, the Internal Revenue Service (IRS) published Notice 2022-53, to clear up confusion on some of the required minimum ...
Alabama’s New Family Leave Law: “Adoption Promotion Act”
Alabama’s Governor, Kay Ivey signed the “Adoption Promotion Act” (SB 31) into effect on July 1, 2022, requiring qualified employers throughout the ...
The IRS Announces New 401k Plan Limits for 2023
On October 21, 2022, the Internal Revenue Service (IRS) announced the new 401k plan limits for 2023 in Notice 2022-55,1 showing a significant ...
IRS Releases 2023 Limits for Health FSAs, Commuter Benefits, Adoption Assistance, and More
On October 18, 2022, the IRS released Revenue Procedure 2022-38 announcing the adjusted contribution limits for health flexible spending accounts (Health FSAs), ...