The IRS issued Notice 2016-70 on November 18, 2016. The notice extends the due date by 30 days for businesses to provide Forms 1095-C and 1095-B to individuals. The new due date for furnishing these forms is March 2, 2017. It is important to note the filing deadline has NOT been extended and remains March 31, 2017 for electronic filing. Also, regulations allowing the IRS to give extensions of usp to 30 days to Read More

“Change is the only constant in life.” - Heraclitus, Greek Philosopher One week ago, more than 129 million Americans cast their ballots and chose the 45th President of the United States of America. How is the Trump presidency going to affect the world of ERISA and Employee Benefits Law? As a business owner, executive, or HR professional, how will policy changes over the coming years affect one’s ability to grow a Read More

HR Alert October 2016 In order to avoid costly penalties and administratively burdensome correction procedures, plan sponsors must remain up-to-date with respect to applicable Health and Welfare plan limits. Yesterday,October 26, 2016, the IRS announced cost-of-living adjustments affecting 2017 dollar limitations for Health and Welfare plans and other related Health and Welfare Benefits items. We've included some of Read More

Plan Sponsors Under the Microscope as Fiduciary Breach Cases Make Headlines Prestigious universities' 403(b) plans are facing lawsuits for alleged breaches of fiduciary duties under ERISA. Universities in the midst of active lawsuits include Emory University, Johns Hopkins University, Massachusetts Institute of Technology (M.I.T.), N.Y.U., Yale University, University of Pennsylvania, Duke University, and Vanderbilt Read More