INFORMATION OF USE TO BENEFIT PLAN SPONSORS AND BENEFIT ADVISERS

Five Fast Facts About Reproductive Health Benefits

Employers are increasingly looking to offer employees assistance in starting and adding to their families, which in a growing number of cases involves dealing with infertility treatments and other reproductive health issues.   Below are five fast facts about this trending employment benefit. Reproductive health benefits are increasingly in demand.  According to a survey by the International Foundation of Employee Benefit Plans, summarized here, 24% of employers surveyed covered the cost of in vitro fertilization benefits in 2020, up from 13% in 2016.  Similar or greater increases in coverage were seen across other categories,…

Keep reading

In A Competitive Job Market, Helping With Student Loan Payments May Give Your Business the Edge

Through 2025, businesses have the opportunity to help employees pay off up to $5,250 in student loans each year ($21,000 total), through adoption of a simple written reimbursement program.  If structured properly, the assistance is deductible by the employer and excluded from employees’ taxable income. This is thanks to one of the lesser known provisions of the CARES Act of 2020, which expended the use of the existing Internal Revenue Code Section 127 for tuition reimbursement programs, to permit repayments of principal or interest on an eligible employee’s “qualified education loan,” as defined…

Keep reading

Five Good Reasons to Correct Retirement Plan Errors

If your business sponsors a Section 401(k) or other retirement plan, it is governed by a lengthy plan document, often a separate trust agreement or custodial account agreement, and multiple other documents (salary deferral agreements, loan policy statement, investment policy statement, etc.)  Not surprisingly, most plan sponsors get something wrong somewhere along the way, whether with respect to the plan document, or operation of the plan.  Below are five reasons why taking prompt action to correct plan errors is in the best interests of your business, and your employees.    To preserve the…

Keep reading

Loading…

Something went wrong. Please refresh the page and/or try again.

Subscribe to receive the latest articles

“I am a benefits (ERISA) attorney. I help businesses prevent, and fix, problems with their employee benefit plans in order to preserve the tax-qualified status of those plans, and ultimately the saleability of their businesses.”

-Christine P. Roberts

Posts Worth Revisiting

Contact

Christine P. Roberts
Mullen & Henzell L.L.P.
phone: (805) 966-1501
email: croberts@mullenlaw.com

Please Read our Disclaimer and Privacy Policy before filling out the above form. Thank you.

Recent Posts