Failure to Timely Allocate Forfeitures Can Be Costly

Sponsors of 401(k) plans often fail to timely use or allocate forfeitures, thereby potentially disqualifying the plan. Recent IRS audits have revealed a renewed focus on the proper use of forfeitures — making compliance a top priority for plan sponsors.

Payroll Tax Issues Remain in Limbo

With 2013 just weeks away, payroll professionals are getting extremely anxious about various favorable payroll tax provisions affecting individuals and businesses that have yet to be determined relating to 2013 withholdings.

Court Holds TPA as ERISA Fiduciary

In a somewhat surprising opinion, a Michigan federal trial court recently held that a third-party administrator (TPA) of two self-funded employer health plans was an ERISA fiduciary. As a result, the TPA was held liable for breaching its fiduciary dut…

Changes to Group Medical Coverage Costs in 2014

With the major regulations of health care reform legislation scheduled to kick in on Jan. 1, 2014, many employers are trying to get an idea of the financial impact on medical premiums due to these new rules

Will PPACA Drive Wellness?

In light of the recently released proposed rules on wellness programs under health care reform, now’s a good time to review your program (or consider starting one if you haven’t already).