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INSIGHTS

Make 2020 Your Employees’ Year of Financial Clarity

Financial clarity comes from understanding what financial wellness is and what it means for each person. This benefits insight discusses how both employers and employees define wellness, as well as what you can do for 2020.

Kristina Keck

Compliance Alert: Congress Repeals Unrelated Business Income Tax (UBIT) for Tax-Exempt Entities Offering Qualified Transportation Fringe Benefits

Read this client alert to learn about what the UBIT repeal does, more about UBIT, and which entities that are entitled to a refund.

2019 International Benefits Year in Review

2019 was abundant with family leave protections, pension reform, and administrative streamlining of social security programs. This international benefits insight will take you through these varied changes as you make decisions for 2020.

International Benefits Update ‒ Q4 2019

2019 saw many notable international benefits events. This international benefits update for Q4 discusses these changes.

Compliance Alert: Congress Passes Spending Bill that Repeals Three Major ACA Taxes, Extends PCORI

The House and Senate has agreed to a bipartisan legislative package of spending bills to avoid a government shutdown. This package of bills is collectively referred to as the Further Consolidated Appropriations Act, 2020 (the "Act").

Compliance Alert: IRS Extends Deadline for Furnishing Form 1095-C, Extends Good-Faith Transition Relief

The Internal Revenue Service (IRS) has released Notice 2019-63, which extends the deadline for furnishing 2019 Forms 1095-B and 1095-C to individuals from January 31, 2020 to March 2, 2020. In this compliance alert, you'll receive details on the new timeline and the new good-faith penalty relief policies for employers.

Five Key Benefit Areas to Watch for 2020

As we approach 2020, we find that we are headed into another year of vast changes on the employee benefit landscape. Based on our interactions with employers, carriers, and ever-changing regulatory standards, we have put together the five key benefit areas to watch in the coming year.

Compliance Alert: IRS Releases Draft 2019 ACA Reporting Forms and Instructions

The IRS has released draft forms and instructions for the 2019 B-Series and C-Series reporting forms (Forms 1094-B, 1095-B, 1094-C and 1095-C) used by employers and coverage providers to report certain information to full-time employees and the Internal Revenue Service (IRS). In this compliance alert, you'll receive background information on added sections to the Affordable Care Act as well as a more in-depth explanation of reporting under these new draft forms.

M&A: Reducing the Buyer’s Retirement Plan Fiduciary Exposure

This insight discusses some recurring issues under the Employee Retirement Income Security Act (ERISA) and the US Internal Revenue Code (Code) with which plan sponsors and their fiduciaries should be familiar and ready to address when their companies are engaged in a corporate transaction.

Compliance Alert: IRS Increases Health FSA Contribution Limit for 2020, Adjusts Other Benefit Limits

On November 6, 2019, the Internal Revenue Service (IRS) released Revenue Procedure 2019-44, which raises the health Flexible Spending Account (FSA) salary reduction contribution limit by $50 to $2,750 for plan years beginning in 2020. The Revenue Procedure also contains the cost-of-living adjustments that apply to dollar limitations in certain sections of the Internal Revenue Code.