IRS Announces 2021 Employee Benefit Plan Limits
November 6, 2020
IRS releases 2021 limits for deferred compensation arrangements and certain welfare plans. Click here for more
Latest Benefit News
Annual Update of the HHS Poverty Guidelines
January 30, 2020
On January 17, 2020, the Department of Health and Human Services (“HHS”) published its annual update to the Federal poverty guidelines. The poverty threshold increased
IRS Releases Annual Guidance on Medical Expenses
January 28, 2020
On January 21, 2020, the IRS released Publication 502, which defines and explains qualified medical expenses (including dental expenses) under the Internal Revenue Code. This
2020 Employee Benefit Plan Limits Announced
November 13, 2019
The IRS has released the 2020 limits applicable to employee benefit plans. Click here for more information.
IRS Insight on Tax Treatment of Employer-provided Snacks and Meals
March 26, 2019
In late 2018, the IRS issued a Technical Advice Memorandum addressing the tax treatment of meals and snacks provided by a taxpayer to its employees.
Important news about retiree lump-sum window programs in defined benefit plans
March 8, 2019
The IRS has announced big news: it is no longer intending to propose regulations prohibiting plan sponsors from offering limited-time retiree lump-sum window programs. These
401(k) Matching for the Student Loan Repayments
February 12, 2019
In this private letter ruling, the IRS approved an innovative idea: allow employer nonelective 401(k) contributions to participants who do not defer any salary into their
Updated Deferred Compensation and Benefit Limits for 2019
February 12, 2019
Updated deferred compensation and benefit limits for 2019 Updated deferred compensation and benefit limits for 2019. Attached are the 2019 limits for deferred compensation arrangements
Analysis of the Tax Cuts and Jobs Act
February 8, 2019
Analysis of the Tax Cuts and Jobs Act. Attached is a memorandum regarding the 2017 Tax Cuts and Jobs Act and its impact on employee