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Benefits Blast Blog

Articles: 1-10 of 92

IRS Provides Guidance on Taxation of ESOP Price Protection Payments

USA - January 17 2020 In a Generic Legal Advice Memorandum (GLAM) dated December 13, 2019, the IRS provides guidance on whether the amount paid to an employee…

SECURE Act Brings Gifts, and a Few Lumps of Coal, for Plan Sponsors in 2020

USA - December 23 2019 The Setting Every Community Up for Retirement Enhancement Act (the “SECURE Act”) is one of the most significant pieces of retirement plan legislation…

Proposed Rules Address Transparency in Health Coverage

USA - November 19 2019 In response to a recent Executive Order, the Departments of Treasury, Health and Human Services and Labor have issued proposed regulations requiring…

IRS Announces Adjustments to Retirement Plan Contributions and Benefits Limits for 2020

USA - November 8 2019 On November 6, 2019, the Internal Revenue Service (IRS) released Notice 2019-59, which states the 2020 dollar limitations on benefits and…

Department of Labor Proposes a New Electronic Disclosure Safe Harbor

USA - November 6 2019 The Department of Labor (DOL) recently proposed a new safe harbor for the electronic delivery of employee benefit plan information for plans subject…

Security Studies Can Provide Tax Benefits and Protect Valued Executives

USA - October 28 2019 Now that payroll season is heating up, employers must carefully tally up all the taxable fringe benefits they provide to employees. The Internal…

IRS and Treasury Department Release Final Regulations on Hardship Distributions

USA - September 25 2019 On September 19, 2019, the IRS and Treasury Department issued final regulations that amend the rules regarding hardship distributions from Internal…

IRS Publishes Helpful Guidance on Uncashed Checks from Qualified Retirement Plans

USA - September 11 2019 The Internal Revenue Service (IRS) recently issued Revenue Ruling 2019-19, which addresses three basic questions related to the treatment of uncashed…

Fourth Circuit Finds Plan Administrator May Have Triggered Fiduciary Status

USA - August 21 2019 In a recent Fourth Circuit case, Dawson-Murdock v. Nat’l Counseling Grp., Inc. 2019 WL 3308535 (4th Cir. July 24, 2019), the Court of Appeals has…

Department of Labor Issues Updated CHIP Notice

USA - August 19 2019 Earlier this month, the Department of Labor (Department) issued an updated model notice for the Children’s Health Insurance Program (CHIP). CHIP is a…