Posted on September 20, 2022
Under recent guidance issued by the IRS, retirement plans, including 401(k)s, certain 403(b) plans and individual retirement accounts (IRAs), have additional time to adopt required amendments incorporating new legislation introduced in 2019 and 2020. The new deadline for non-governmental calendar-year plans to adopt these amendments has been postponed from December 31, 2022, to December 31, […]
In this episode Associate Director of Assurance and Advisory Services Melissa Fleitas shares what plan sponsors need to know about required reporting of 401(k) plans and employee benefits programs.
In the wake of the COVID-19 pandemic, the U.S. enacted various laws providing a variety of financial-relief measures to support businesses through the crisis period. Key among those provisions are tax credits for those businesses that retain and continue to pay qualifying wages to employees despite interruptions or their normal business operations. It is critical […]
Posted on July 09, 2020
The IRS recently issued new guidance providing individuals with more flexibility to use their employer-sponsored health-benefit plans, including Health Savings Accounts (HSAs) and Flexible Spending Arrangements (FSAs), to cover the unique medical and dependent-care expenses required during the COVID-19 pandemic. Under the CARES Act, high-deductible health plans (HDHP) may temporarily cover telehealth and other remote-health […]