Foster & Foster monitors changes in legislation, regulations, and national trends to help our clients be prepared.
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IRS Issues New Mortality Table Regulations Effective January 1, 2024
November 4, 2023IRS Updates Mortality Basis for Funding and Lump Sum Calculations
May 10, 2022PBGC / IRS Guidance on CARES Act
The CARES Act, signed into law in March 2020, provided contribution relief to employers by allowing contributions to be delayed until the end of 2020. What became uncertain was the impact this relief...
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DOL Announces New Electronic Disclosure Rule for Retirement Plans
On May 21, 2020, the Department of Labor (DOL) announced its final rule on electronic disclosures for retirement plans. The final rule is an alternative method of furnishing electronic disclosures and...
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Patient-Centered Outcomes Research Institute (PCORI) Fees Due July 31, 2020
On June 8, 2020, the Internal Revenue Service (IRS) issued Notice 2020-44 announcing the PCORI fee for plan years ending on or after October 1, 2019 and before October 1, 2020 will be $2.54 per...
Read moreIRS Issues COVID-19 Guidance for Cafeteria Plans
Due to the COVID-19 crisis, the IRS has issued Notice 2020-29 to announce the opportunity for employers to allow mid-year changes to employer-sponsored health coverage and dependent care assistance...
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2021 HSA Limits and ACA Out-Of-Pocket Maximums
The IRS has issued Revenue Procedure 2020-32 to announce the 2021 contribution limits and high deductible health plan (HDHP) design requirements. The new Health Savings Account (HSA) contribution...
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Coronavirus Aid, Relief, and Economic Security Act (CARES Act)
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) enacted March 27, 2020 is an economic stimulus measure for individuals, businesses, and hospitals in response to the economic...
Read moreCOVID-19 Legislation and Resources
While federal, state, and local governments are frantically drafting, debating, and enacting a plethora of coronavirus-related legislation, employers and plan sponsors are becoming overwhelmed with...
Read moreCOVID-19 and High Deductible Health Plans
In response to the present health crisis, the IRS issued Notice 2020-15, which permits Health Savings Account (HSA)-compatible high deductible health plans (HDHPs) to cover the testing and treatment...
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Update to Our Clients on COVID-19
As a country, we are rapidly adapting to the global pandemic of COVID-19. Foster & Foster is monitoring the situation to understand how the virus will impact our clients’ benefit plans. We would...
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