Temporary Relief From ACA Provisions Extended To Insured Expatriate Plans
The Departments of Labor, Health and Human Services and the Treasury (collectively, the “Departments”) recently issued guidance in the form of a Frequently Asked Question (“FAQ”) that relates to the applicability of the market reform provisions of the Affordable Care Act (the “ACA”) to certain expatriate health care plans.
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Accelerating Incentive Pay From 2013 to 2012 — Executive Compensation Planning for the Fiscal Cliff
Because of the pending fiscal cliff and the possibility of higher tax rates coming in 2013, we have been asked if private company employers should accelerate payments of incentive compensation into 2012, rather than pay them in 2013. This strategy may sound tempting to executives given all of the headlines of the fiscal cliff and potentially higher tax rates on high-wage earners. Still, a lot can happen between now and December 31st.
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Fee Disclosures Are Almost Here — What Should Plan Sponsors Do Now?
The quickly approaching deadline for written fee disclosures by covered service providers creates new homework for plan sponsors–in the form of enhanced fiduciary review obligations and a suggested need to review (and/or create) written service agreements. By now folks who work in the tax-qualified retirement industry are well (and perhaps painfully) aware that the United …
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The New Year Brings New Notice Requirements for Employers in California
I wanted to share a recent blog posted on our sister blog – Employer Law Report – that may be of interest to readers of this blog with multi-state operations. As Leigh Anne Benedic details in her blog, several states and local governments have recently considered or enacted “wage theft” legislation to include the criminal and increased civil penalties and fines for employers who underpay their workers.
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