In late December, Congress passed the Consolidated Appropriations Act, 2021 that included cafeteria plan relief but left many open questions regarding how the relief provisions should be implemented and administered. The IRS issued Notice 2021-15 on February 18 to provide much needed clarification on the CAA’s cafeteria plan provisions. In this update, we discuss some

President Trump signed into law the Consolidated Appropriations Act, 2021 (the Omnibus Bill) on December 27, 2020. The following update provides a summary of key employee benefit provisions in the Consolidated Appropriations Act.

The act expands and extends certain COVID-19 relief, including new qualified disaster relief for retirement plan distributions and temporary special rules

Employee benefits professionals have faced many challenges in 2020.

The following update provides highlights of key developments that employers and other plan sponsors should consider as 2021 approaches. Read the full article.

The Internal Revenue Service recently issued a pair of notices to provide relief to participants in and sponsors of Section 125 Cafeteria Plans, health flexible spending account plans, and dependent care assistance programs. IRS Notice 2020-29 provides relief for midyear election changes (including new health plan coverage elections, enrollment changes, and revocations, as well as

On Friday, May 1, 2020, the U.S. Department of Labor (DOL) issued revised model general and election notices that can be used by plan administrators to address the notification requirements imposed by the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA). FAQs for the COBRA Model Notices were issued the same day. DOL’s FAQs provide