Labor Days
Remedial Amendment Period for 403(b) Plans ending on March 31, 2020
March 31, 2020 is the deadline for retroactively correcting most 403(b) plan document defects that occurred on or after January 1, 2010. These defects can be corrected by amending an individually-designed 403(b) plan…
IRS Issues Final Hardship Distribution Rules
The Internal Revenue Service has recently issued final regulations easing requirements for hardship distributions from 401(k) and 403(b) plans. The final regulations reflect a number of statutory changes, including…
Employers Have New Ways to Offer Health Reimbursement Arrangements
The Departments of Labor, Health and Human Services and Treasury recently issued joint final regulations expanding the availability of health reimbursement arrangements (“HRAs”) by introducing two new types of HRAs –…
Treasury Department and IRS Release Guidance on Preventive Care for Chronic Conditions under High Deductible Health Plans
On July 17, 2019, the Treasury Department and the IRS issued Notice 2019-45 to expand the types of preventive care services and benefits that can be provided to individuals under high deductible health plans (“HDHPs”)…
Health Care Reform – ACA Changes and Other Updates
This Advisory supplements our previous advisories dated January 2018, December 2016, December 2015 (as supplemented in January 2016 ), October 2014, October 2013, November 2012, November 2011, and October 2010,…