The manner in which employers communicate policies, procedures and benefit plan details to employees has a tremendous impact on how well those programs and policies…
On Nov. 6, 2020, the Departments published an interim final rule requiring Medicare, Medicaid and private insurers to cover a COVID-19 vaccine without any cost-sharing,…
The DOL final overtime rule became effective Jan. 1, 2020. Among other things, the final rule also allows employers to use nondiscretionary bonuses and incentive…
Many Employee Contribution Limits Remain Unchanged The IRS has announced the cost-of-living adjustments for 2021 that affect amounts employees can contribute to 401(k) plans and…
Maximum Monthly Amounts Remain at $270 The IRS has released Revenue Procedure 2020-45, which includes cost-of-living adjustments for employee qualified transportation fringe benefits for the 2021…
Contribution Limit to Remain the Same in 2021 The IRS has announced that the contribution limit for health flexible spending arrangements (health FSAs) will remain at $2,750 in 2021.…
Rebuild VA Grant Fund (Rebuild VA) has expanded its eligibility criteria to allow more small businesses and nonprofits to apply. Any small business or nonprofit…
Borrowers and Lenders May Rely on the Guidance Provided in the New FAQs On Oct. 13, 2020, the Small Business Administration (SBA) published a new…
2020 ACA Reporting is Due in Early 2021 The IRS has released final 2020 forms and instructions for use in early 2021 to report under…
2020 is making it harder to talk about “markets” as if they are a common entity and not thousands of individual companies facing dramatically different…
Although not required by law, many 401(k) plans offer a loan provision as a way for plan participants to access money prior to retirement. The…
The Adjusted Penalty Amounts for 2021 are $2,700 and $4,060 Under the Affordable Care Act’s employer shared responsibility (pay or play) rules, applicable large employers—generally…
