Late on March 25, 2020, the US Senate released the final tax of the CARES Act, the third Coronavirus related Bill and much needed stimulus package. The Bill passed the House and signed into law by the President on March 27th. At this time, we want to stress to our...
On June 24th President Trump signed an Executive order directing Health and Human Services (HHS) to write rules within 3-6 months requiring Hospitals and Medical Providers to make their standard charges and negotiated pricing available in a consumer-friendly format....
On June 13, 2019, the Internal Revenue Service (IRS), Department of Labor and Department of Health and Human Services (HHS) issued a new regulation that is intended to increase the use of tax-favored health reimbursement arrangements (HRAs) as a means of expanding...
401(k) retirement plans often have a feature to allow participants to take a hardship distribution. These distributions come with stricter rules and regulations that plan management must follow. These include distribution amounts can only be taken from the...
Developing a pension plan document can be a difficult undertaking. When creating a plan document, the plan sponsor must be aware of not only IRS and ERISA regulations, but also of keeping administrative costs low while providing maximum benefit to their employees....
They say that no good deed goes unpunished. You establish a pension plan to help your employees provide for their retirement, and in so doing, you create a potential minefield of regulatory booby traps and compliance trip wires that can wind up costing you extra money...
If you have a pension plan, you have a fiduciary responsibility to ensure that your plan is compliant with regulations. You also have a responsibility to your employees, to help them to maximize their benefit under the plan. In order to meet these responsibilities,...
Effective October 19, 2018, all New York State employers will be required by law to implement a sexual harassment policy within their organizations. This law comes after a tidal wave of sexual harassment allegations that have plagued many American politicians,...
Many companies use fringe benefit programs as a tool for attracting and retaining talented employees. These programs have become especially vital as the “War for Talent” has gotten more competitive and benefit programs have become more widely known. What was once...
