Bulletins

Two New Types of HRAs Available in 2020

On June 13, 2019, the Departments of Labor (DOL), Health and Human Services (HHS) and the Treasury (Departments) issued a final rule that expands the usability of health reimbursement arrangements (HRAs). Effective in 2020, the final rule establishes two new types of HRAs: Individual Coverage HRA: Allows employers to offer an HRA to be used […]

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Form 5500 Due by 7/31 for Calendar Year Plans

Employers with employee benefit plans that operate on a calendar year basis must file their annual reports (Forms 5500) for 2018 with the Department of Labor (DOL) by July 31, 2019. An employer may extend this deadline by two and one-half months (until Oct. 15, 2019) by filing IRS Form 5558 by July 31, 2019. […]

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Compliance Bulletin: HSA/HDHP Limits Increase for 2020

On May 28, 2019, the IRS released Revenue Procedure 2019-25 to announce the inflation-adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) for 2020. These limits take effect as of January 1, 2020 and include: The maximum HSA contribution limit; The minimum deductible amount for HDHPs; and The maximum out-of-pocket expense […]

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Federal Law Alert: EEO-1 Reporting Requirements Finalized

The hotly contested issue of what exactly needs to be filed for EEO-1 reporting this year has been resolved—at least for now. Pay data for both 2017 and 2018 must be reported to the Equal Employment Opportunity Commission (EEOC) by September 30, 2019. The data that has been required in years past is still due […]

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New Law Alert: NY Passes Paid Voting Leave Requirement

New York recently passed an amendment to its voting leave law that took immediate effect. Previously, the law only provided leave for employees who didn’t have a certain number of hours available to vote before or after work. Now, all registered voters are allowed to take off as much time as is necessary to enable […]

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