Author Archives: Carolyn Wolff

Final Essential Health Benefits Regulations Affect Self-Funded & Large Group Insured Plans

HHS published final regulations defining essential health benefits (EHB) earlier this year. The final regulations are little changed from the proposed regulations issued in 2012, mainly for clarification. EHB must be available from State exchanges and small group and individual […]

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IRS Updates Retirement Plan Correction Program

After a long wait, an updated Revenue Procedure for the Employee Plans Compliance Resolution System (EPCRS) was released in the form of Rev. Proc. 2013-12.  The new Revenue Procedure makes some important changes to the EPCRS. As many plan sponsors […]

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Employee or Independent Contractor? IRS Expands Voluntary Classification Settlement Program

In 2011, the IRS announced a voluntary correction program for employers that erroneously classified employees as independent contractors that we previously covered here. On December 17, the IRS made it easier to qualify for the program. The Background.  The program […]

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Single-Employer Defined Benefit Pension Plans: Minimum Funding Requirements Revised Again

Among many other things, the MOVING AHEAD FOR PROGRESS IN THE TWENTY-FIRST CENTURY ACT (“MAP – 21″), which became law last month, changes the minimum funding rules for single-employer defined benefit pension plans. Your actuary can help to determine the […]

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Sports Celebrations as Employee Benefits

Everybody knows that everybody likes sports. According to the Sports Business Journal, employers are parleying their ties to sports teams, leagues and events into employee benefits. Internal marketing of a company’s sports sponsorship can boost morale, provide perquisites, enhance recruiting […]

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‘Tis the Season to Double-Check for 409A Compliance

‘TIS THE SEASON to check executive deferred compensation practices for operational compliance with section 409A of the Internal Revenue Code and the specific terms of company plans and employment agreements. Common operational errors include deferring too much or too little […]

Posted in 409A, Deferred Compensation, Employment Agreements, Equity Compensation, Executive Compensation, Plan Administration and Compliance, Severance Agreements | Tagged , , , , | Leave a comment