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Results: 1-10 of 23

Reminder: first PCORI fee due July 31, 2013 for calendar year plans

  • Masuda Funai Eifert & Mitchell Ltd
  • -
  • USA
  • -
  • June 11 2013

The Affordable Care Act ("ACA") imposed a new fee on plan sponsors and issuers of individual and group policies to fund the Patient-Centered Outcomes

Are you timely depositing salary deferrals?

  • Masuda Funai Eifert & Mitchell Ltd
  • -
  • USA
  • -
  • September 8 2009

Last week, the U.S. Department of Labor (“DOL”) announced that it had sued an officer and fiduciary to the Savings Incentive Match Plan for Employees Individual Retirement Account (SIMPLE IRA) plan of Pharmaceutical Alternatives Inc., an Ohio-based company, for improperly using plan assets withheld from employee pay for the benefit of the company, as well as for other violations of the Employee Retirement Income Security Act (“ERISA”

Internal Revenue Service (“IRS”) corner

  • Masuda Funai Eifert & Mitchell Ltd
  • -
  • USA
  • -
  • October 19 2009

Can I withdraw my 401(k) elective contributions without paying a penalty to build or purchase my first home?

IRS will conduct 401(k) phone forum

  • Masuda Funai Eifert & Mitchell Ltd
  • -
  • USA
  • -
  • July 10 2009

On August 6, 2009, Mr. Roger Kuehnle, Tax Law Specialist, and Ms. Lisa Mojiri-Azad, Senior Technical Reviewer, Office of Division CounselAssociate Chief Counsel, TEGE, Employee Benefits, will conduct a phone forum to review recent IRS 401(k) guidance

ERISA amendment to allow lifetime income options under review

  • Masuda Funai Eifert & Mitchell Ltd
  • -
  • USA
  • -
  • February 15 2010

On February 2, 2010, the Department of Labor and the Department of Treasury (the "Agencies") issued a Request for Information ("RFI") to determine whether the Agencies should amend ERISA and the plan qualification rules under the Internal Revenue Code (the "Code") to facilitate the use of lifetime income options in order to ensure a lifetime stream of income after retirement

Have you received a questionnaire from the IRS about your 401(k) plan?

  • Masuda Funai Eifert & Mitchell Ltd
  • -
  • USA
  • -
  • June 1 2010

Recently, the Internal Revenue Service ("IRS") announced that it will be sending a 401(k) Compliance Check Questionnaire to 1,200 randomly selected 401(k) plan sponsors that filed a Form 5500 in 2007

COBRA premium subsidy not extended beyond May 31

  • Masuda Funai Eifert & Mitchell Ltd
  • -
  • USA
  • -
  • June 1 2010

On Friday, May 28, 2010, the House passed the American Jobs, Closing Tax Loopholes and Preventing Outsourcing Act of 2010 (the "Act"

Senate passes jobs bill encouraging hiring with tax incentives

  • Masuda Funai Eifert & Mitchell Ltd
  • -
  • USA
  • -
  • March 1 2010

On Wednesday, February 24, 2010, the U.S. Senate passed the Hiring Incentive to Restore Employment Act (the “HIRE Act”

IRS delays enforcement of nondiscrimination rules for insured health plans

  • Masuda Funai Eifert & Mitchell Ltd
  • -
  • USA
  • -
  • January 3 2011

On December 23, 2010, the IRS issued Notice 2011-1 (the "Notice") indicating that the Departments of Treasury, Labor and Health and Human Services (collectively, the Departments) have determined that insured group health plans will not be required to comply with Section 2716 of the Public Health Service Act until regulations or other additional administrative guidance has been provided

Reporting employer-sponsored coverage on employee W-2’s, not mandatory in 2011

  • Masuda Funai Eifert & Mitchell Ltd
  • -
  • USA
  • -
  • October 19 2010

On Tuesday, October 12, 2010, the Internal Revenue Service ("IRS") released Notice 2010-69 that provides that employers will not be required to report the cost of employer-sponsored group health insurance on employee Form W-2 wage and tax statements issued for 2011