by PC Editorial Staff | Feb 28, 2023 | DOL, Employee benefit plans, IRS, Retirement Plans
Last week, the U.S. Department of Labor (DOL), the Internal Revenue Service (IRS), and the Pension Benefit Guaranty Corporation (PBGC) released their final rule bringing changes to the 2023 Form 5500, Annual Return/Report of Employee Benefit Plans and Form 5500-SF...
by PC Editorial Staff | Feb 14, 2023 | Employee benefit plans, paid sick leave, State Labor Law, USERRA
This month, the U.S. Court of Appeals for the Ninth Circuit (Ninth Circuit) found that, under the Uniformed Services Employment and Reemployment Rights Act (USERRA), employers that provide non-military paid short-term leave for specific reasons must also offer paid...
by PC Editorial Staff | Dec 20, 2022 | DOL, EBSA, Employee benefit plans, ERISA
In December 2022, the U.S. Department of Labor (DOL) announced that Employee Benefits Security Administration (EBSA) investigators, in the enforcement of the Employee Retirement Income Security Act of 1974 (ERISA), recovered more than $1.4 billion for ERISA complaints...
by PC Editorial Staff | Dec 13, 2022 | DOL, EBSA, Employee benefit plans, IRS, Retirement Plans
On December 8th, 2022, the U.S. Department of Labor’s (DOL’s) Employee Benefits Security Administration (EBSA) released informational copies of the 2022 Form 5500 Series Annual Return/Report. The release includes informational copies of Form 5500-SF short-form...
by PC Editorial Staff | Dec 13, 2022 | DOL, EBSA, Employee benefit plans, ERISA, Fiduciary Rule, Retirement Plans
Recently, the U.S. Department of Labor (DOL) proposed a self-correction option under its Voluntary Fiduciary Correction Program. Specifically, proposed updates would allow fiduciaries to self-correct specific transactions like late deposits to a 401(k) plan. The...
by Editorial Staff | Oct 26, 2022 | Affordable Care Act, Employee benefit plans, IRS
During the past week, the Internal Revenue Service (IRS) issued information on tax inflation adjustments for tax year 2023. The agency also released updated information on 401(k) and IRA contribution limit amounts for the same tax year. Basically, the dollar amounts...
