Compliance

The IRS announced Wednesday it will increase 401(k) contribution limits to $23,000 (from $22,500 in 2023), a smaller increase than last year's record-breaking amount of $2,000, while limits for employees over 50 remains unchanged.

In a lawsuit, a disabled worker alleges Electric Boat Corp. did not provide reasonable accommodations for his disabilities and he was ultimately fired for non-compliance with the company's post-COVID return-to-office policy.

All employer plans are free to cover expenses the employer determines should be covered, however, fully insured plans will generally be forced to cover treatments mandated by state laws, while self-funded plans have more leeway.

It's that time of year for employers to review their self-funded health plan documents.

Over half (54%) of employees approaching age 65 will likely seek guidance about Medicare from their employer, and one of the most common questions employers are likely to encounter from employees is: "When can I enroll?"

Given recent increased litigation and its impact on the regulatory environment, benefits consultants and plan sponsors should rethink their past decisions to simply comply with the No Surprises Act (NSA).