Employee Benefit Plans

Employers Face New Rules for Retirement Savings Plans in 2025 by Melissa Fleitas, CPA

Posted on January 21, 2025 by Melissa Fleitas

The passage of the SECURE Act 2.0 in 2022 introduced sweeping changes to help enhance taxpayers’ retirement savings opportunities and improve the costs and managerial headaches employers face administering employee benefits plans, including 401(k)s, 403(b) and 457(b) plans. Since that time, employers of all sizes have gained expanded tax credits for establishing employee retirement savings […]

Podcast – BPB Knows Secure Act 2.0 Changes for Benefit Plan Sponsors

Posted on September 05, 2024 by Melissa Fleitas

In this episode, employee benefit plan audit expert Melissa Fleitas explains some of the changes plan sponsors will need to comply with in the next few years.

SECURE Act 2.0 Brings More Changes to Employer-Sponsored Benefit Plans in 2024 by Melissa Fleitas, CPA

Posted on February 29, 2024 by Melissa Fleitas

The SECURE Act 2.0, passed into law in 2022, aims to reform the nation’s retirement savings system, making it easier for workers to save for their golden years and simplifying the rules employers must follow to administer retirement benefit plans for their employees. Following are some of the law’s provisions that take effect on Jan. […]

Ensuring Your Employee Benefit Plan Complies with Secure Act 2.0 in 2023 by Melissa Fleitas, CPA

Posted on August 21, 2023 by Melissa Fleitas

The passage of the Secure Act 2.0 at the end of 2022 ushered in significant changes for employers and how they must administer and annually report information about their employee benefit plans. These new provisions apply to employers’ 401(k) and 403(b) plans for tax years beginning in 2023. Although plans have until the last day […]

What Employers and Employees Must Know about the Use-it-or-Lose-it Rules of FSAs by Steven Rubin, CPA

Posted on June 06, 2023 by Steven Rubin

Whether you are an employer or employee, you recognize the benefits of Flexible Spending Accounts (FSAs) to help pay for rising costs of out-of-pocket healthcare expenses. Nevertheless, how unused account balances are treated at the end of the plan year is often misunderstood and can be a source of pain for both employees and employers. […]

401(k) Plan Sponsors Get More Time to Adopt Amendments by Melissa Fleitas, CPA

Posted on September 20, 2022 by Melissa Fleitas

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, […]

Podcast – BPB Knows 401K Plan Audits

Posted on August 04, 2022 by Melissa Fleitas

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.

UPDATED – Which COVID-19-Related Payroll Tax Credit Is My Business Eligible to Receive? by Cherry Laufenberg, CPA

Posted on May 17, 2021 by Cherry Laufenberg

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 […]

Health Care Spending Rules Relax Further under CARES Act by Adam Cohen, CPA

Posted on July 09, 2020 by Adam Cohen

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 […]

Category: Employee Benefit Plans