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by Vita, on October 28, 2020

The Internal Revenue Service has announced the 2021 cost-of-living adjustments (COLAs) to the various dollar limits for retirement plans.1 The Social Security Administration (SSA) has also announced the taxable wage …

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Topics:Retirement

by Vita, on October 28, 2020

The Internal Revenue Service recently announced annual inflation adjustments for 2021. IRS Rev. Proc. 2020-45 provides that for taxable years beginning in 2021, the following maximums apply for Health Flexible …

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Topics:Pre-Tax

by Vita, on October 9, 2020

U.S. Department of Health and Human Services regulations require annual notice to all plan participants regarding the Medicare Part D Prescription benefit “creditability” of your group health plan. This notice …

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Topics:Compliance

by Vita, on October 1, 2020

The U.S. Department of Labor (DOL) has proposed new regulations for clarifying whether a worker is an employee or an independent contractor under the Fair Labor Standards Act (FLSA). Independent …

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Topics:Compliance