All Items: Employee Benefits

  • Final ACA Implementation Regulations Issued by Trio of Enforcement Agencies

    November 20, 2015

    The Departments of Labor, Health and Human Services and Treasury have jointly published comprehensive final rules under the Affordable Care Act (ACA), which essentially combine and solidify interim rules, several pieces of guidance and Questions and Answers issued since 2010, when the ACA was first enacted.

  • Federal Budget Agreement Addresses ACA, OSHA and Pensions

    November 6, 2015

    President Barack Obama signed into law the Bipartisan Budget Act of 2015, which repeals the automatic enrollment requirement mandated by the Affordable Care Act (ACA), increases OSHA penalties and addresses employer premiums with respect to pensions.

  • 2016 Pension Plan Limits, 401(k) Deferral Limit Unchanged

    October 22, 2015

    The Internal Revenue Service (IRS) has announced the tax year 2016 cost-of-living adjustments affecting dollar limitations on benefits and contributions under qualified retirement plans and other inflation-adjusted amounts. The pension plan limitations will not change for 2016 because the increase in the cost-of-living index did not meet the statutory thresholds that trigger their adjustment

  • IRS Announces 2016 Inflation Adjustments to Fringe Benefits, Increase in Qualified Parking Benefit Amount

    October 22, 2015

    The IRS has announced the 2016 annual cost-of-living adjustments made to several employee benefits and taxable amounts, based on changes to the Consumer Price Index. These are the maximum amounts that may be excluded in 2016 from an employee's taxable income for specific benefits.

  • IRS Launches New ACA Resource Center for ALEs

    September 30, 2015

    The IRS has launched a helpful new resource on its website chock full of information for employers that qualify as applicable large employers (ALEs) under the Affordable Care Act - ACA Information Center for Applicable Large Employers (ALEs).

  • Appeals Court Rules Against ACA's Contraceptive Mandate

    September 21, 2015

    The 8th Circuit Court of Appeals has ruled that forcing religiously-affiliated employers to offer contraceptive coverage to their employees, even indirectly, would violate those employers' religious freedoms. The decisions in two related cases could set up another Supreme Court challenge involving the Affordable Care Act (ACA) as they conflict with all other federal appellate court rulings on the issue.

  • IRS Issues Draft 2015 Instructions for ACA Reporting Forms

    August 20, 2015

    The IRS has issued draft 2015 Instructions for Forms 1094-C and 1095-C, which employers are required to complete and file with the IRS to report on the terms and conditions of the health care coverage offered to their employees, as required by the Affordable Care Act (ACA) and Internal Revenue Code (IRC) § 6055 and § 6056. Draft Instructions for Forms 1094-B and 1095-B have also been issued; these forms are used to report information to the IRS on each individual to whom minimum essential coverage was provided.

  • IRS Revises Employee Plans Determination Letter Program

    July 31, 2015

    The IRS has announced important changes to its Employee Plans Determination Letter program for qualified retirement plans. The announcement also provides a transition rule with respect to the remedial amendment period for certain plans currently on the five-year cycle, and requests comments on specific issues relating to the implementation of the changes to the determination letter program.

  • Access to Employee Benefits Varies Widely by Sector, Wages

    July 30, 2015

    The proportion of workers who have access to retirement and medical care benefits differs significantly, depending on whether the workers are in the public or private sector and on how much they are paid, according to new federal statistics.

  • Federal Agencies Issue Final ACA Contraceptive Mandate Rules

    July 13, 2015

    The Departments of Health and Human Services (HHS), Treasury and Labor have issued final rules regarding coverage under the Affordable Care Act (ACA) for contraceptive services. The coverage was debated in the 2014 Supreme Court Hobby Lobby ruling.

About this category

News: HR and legal considerations for employers regarding employee benefit programs. Support on following regulations and requirements on this topic.