Legislative & Regulatory Updates

Tax Reform Decreases 2018 HSA Contribution Limit

March 6, 2018

On March 5, 2018, the IRS issued Revenue Procedure 2018-18, which modifies certain 2018 cost of living adjustments (COLAs) to reflect the changes made by the Tax Cuts and Jobs Act.

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Hardship Distributions for House Repairs Just Got Harder to Get

February 6, 2018

A change to Internal Revenue Code (Code) Section 165 makes a small, but significant, change to one of the safe harbor hardship distribution categories found in many 401(k) and 403(b) retirement plans.

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Move Down the Road—Cadillac Tax Delayed Until 2022

January 23, 2018

On January 22, 2018, Congress came to an agreement on a bill to end the federal shutdown. Included in this bill is a provision to delay the Cadillac Tax two additional years.

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Employers Running Out of Time in Dealing with the Cadillac Tax

January 17, 2018

Despite significant lobbying by the American Benefits Council and other employer advocates, Congress did not include a repeal of the Cadillac Tax in the Tax Cuts and Jobs Act; therefore, the Cadillac Tax is still alive and scheduled to take effect January 1, 2020.

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Final Tax Cuts and Jobs Act – Little Change to Retirement Plans

January 5, 2018

The final Tax Cuts and Jobs Act bill includes only minor changes for tax-qualified retirement plans.

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EEOC Will Revise Wellness Rules Under GINA and ADA by 2019

January 4, 2018

The United States District Court order vacates the EEOC regulations that limit wellness incentives under the ADA and GINA effective January 1, 2019.

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IRS Notice 2018-06 Provides Reporting Extension Under Sections 6055 & 6056 of the Internal Revenue Code

December 27, 2017

On December 22, 2017, the Internal Revenue Service issued Notice 2018-06 to give employers and insurers additional time beyond the January 31, 2018 due date to gather and analyze the information required to prepare the 2017 Forms 1095-B and 1095-C to be furnished to individuals.

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Welfare and Fringe Benefits under the Senate Version of Tax Reform

December 15, 2017

In our continued analysis of Congress’s work on tax reform, today we look at the Senate’s version of H.R.1. (Senate Bill)— with comparisons to the House version (House Bill).

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Senate Tax Bill’s Passage Paves the Way for Qualified Retirement Plan Changes

December 8, 2017

This article summarizes what’s in the current Senate Tax Bill for qualified retirement plans.

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2017 Required Amendments List for Qualified Retirement Plans

December 7, 2017

On December 5, 2017, the Internal Revenue Service (“IRS”) issued Notice 2017-72, the 2017 list of required amendments. There are changes to qualification requirements that may require an amendment to some plans.

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Executive Compensation in the Senate’s Tax Cuts and Jobs Act

December 6, 2017

This article is the fifth in our series of articles that follow Congress’ efforts to make significant changes to many aspects of employee benefits through changes to the United States Tax Code (the Code). This time it was the United States Senate that delivered the proposed tax legislation.

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