News 2017-08-20T09:17:05+00:00

ERISAPros News

COBRA and Second Qualifying Events – When Does the Clock Start?

“If the initial qualifying event that triggers an individual’s COBRA rights is terminating employment or reducing hours of employment, subsequent qualifying events may result in an extension of the maximum COBRA coverage period for certain qualified beneficiaries…. Note that a covered employee is not a qualified beneficiary with respect to […]

By | June 14th, 2017|

Could Your Incentive Plan Be Subject to ERISA?

“Many incentive or bonus plans make payments or deliver stock within 2-1/2 months after the end of the year the participant became vested in order comply with the short-term deferral exception of Code Section 409A. However, some incentive plans provide for accumulations, multi-year periods, and mandatory deferrals. These plans may […]

By | June 7th, 2017|

A Few Considerations During Form 5500 Season

“Both the IRS and DOL comment that improperly completed Form 5500s will increase the probability that they may take a closer look at plan matters. This article includes a short list of considerations and questions aimed at helping plan sponsor employers avoid government investigation otherwise prompted by a ‘wrong’ answer […]

By | May 14th, 2017|

Why COBRA Might Be Making a Comeback

“We’re facing a landscape where the complexity of COBRA remains a part of every employer’s benefits program while the ACA gets a makeover from the Republican White House…. Most likely, it just means that the majority of employers will continue to outsource COBRA administration. It also could mean eligible employees […]

By | April 20th, 2017|

IRS Clarifies the Rules for Disposal of Cafeteria Plan Forfeitures

The IRS has issued guidance on the rules for disposing of unused funds in a cafeteria plan where the plan’s sponsor discontinues its business operations. In Information Letter 2016-0077, the IRS responds to a taxpayer’s inquiry by confirming that the unused funds will not revert to the U.S. Treasury but […]

By | April 14th, 2017|
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