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Employee Benefits

WebA Tale of Two Remedies: Preparing Employee Benefits Plans for the Sunset of Covid-19 ‎Relief. by Lori Basilico and Aaron Weiss | Apr 13, 2023. On January 30, 2023, the Biden Administration announced that both the COVID-19 National ‎Emergency and the Public Health Emergency (collectively, the “Emergency Declarations”) ‎would end on May

Actived: 9 days ago

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Locke Lord QuickStudy: New Guidance Issued on What Employers …

WebThe total reward (or penalty), when combined with all other incentives under the plan’s wellness programs that require satisfaction of a standard related to a health factor, must be limited and cannot exceed 30% of the cost of the coverage in which the applicable employee and any dependents are enrolled.

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About Our Practice

WebThe laws affecting employee benefits and executive compensation are complex and ever-changing. Our lawyers advise our clients on every aspect of employee benefits and executive compensation — from designing, drafting and implementing plans and agreements to counseling on compliance, fiduciary duties, privacy and cybersecurity …

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Form 5330 E-Filing Requirement Headache

WebAn employer or individual is required to electronically file if they filed with the IRS at least 10 returns of any type (such as W-2, 1099, 941, etc.) during the calendar year in which the Form 5330 is due. Since many employers file at least 10 returns during a calendar, many will be subject to this mandatory e-filing requirement.

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Helpful FAQ Guidance Issued to Assist Group Health Plans With

WebThe Departments of Labor, Health and Human Services, and the Treasury jointly released additional frequently asked questions (“FAQs”) regarding implementation of the health coverage provisions of the Families First Coronavirus Response Act (“FFCRA”); the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), and other health …

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The DOL’s Final Investment Advice Fiduciary Rule Is Here

WebCurrent Fiduciary Definition. Under ERISA, a person is a fiduciary with respect to an employee benefit plan to the extent the person (1) exercises discretionary authority or control regarding the management or disposition of a plan or its assets, (2) renders investment advice for a fee or other direct or indirect compensation or (3) has …

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Final Rule Issued by OCR and CMS for Nondiscrimination …

WebThe U.S. Department of Health and Human Services (“HHS”) Office for Civil Rights (“OCR”) and the Centers for Medicare & Medicaid Services (“CMS”) issued a final rule on April 26, 2024 (the “Final Rule”) under Section 1557 of the Affordable Care Act (“ACA”) after reviewing more than 85,000 comments from the public following the …

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IRS Issues Guidance on Secure 2.0 – What Plan Sponsors Need to …

WebIn late December 2023, approximately one year after Congress enacted the Setting Every Community Up for Retirement Enhancement Act of 2022 (“SECURE 2.0”), the Internal Revenue Service (the “IRS”) released Notice 2024-2 (the “Notice”) providing much needed guidance, in the form of questions and answers, on 12 of the 90 new provisions …

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