Pension & Benefits NetNews – October 2, 2012

 

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Featured This Week

Employee Benefits Management News

  • IRS/Treasury discuss shared responsibility payment guidance and safe harbors
  • Electronic delivery of employee health plan communications continues to grow, survey finds
  • Wisconsin updates health savings account fact sheet for 2012
  • Survey shows most employers considering move towards exchange-based individual market strategies for retiree medical programs

Pension Plan Guide News

  • EBSA announces new 401(k) fee disclosure resource website
  • CCH projects inflation-adjusted tax brackets and other amounts for 2013
  • PBGC issues disaster relief for victims of Hurricane Isaac in Louisiana

Employee Benefits Management News

IRS/Treasury discuss shared responsibility payment guidance and safe harbors

“The IRS and Treasury are trying to provide employers [potentially subject to the Code Sec. 4980H assessed payment] as much flexibility as possible within the range that we can get to,” said Stephen Tackney, special counsel, IRS Office of Division Counsel/Associate Chief Counsel, Tax Exempt and Government Entities (TE/GE). For details, see ¶2061C.

(Read Intelliconnect) »

Electronic delivery of employee health plan communications continues to grow, survey finds

Employers are increasingly using electronic distribution and relying on outside assistance as existing and new federal regulations are requiring stepped up health plan communications, according to the findings of the fourth annual Compliance Communications Survey from HighRoads. For details, see ¶2061D.

(Read Intelliconnect) »

Wisconsin updates health savings account fact sheet for 2012

The Wisconsin Department of Revenue has updated its fact sheet discussing the personal income tax treatment of health savings accounts (HSAs). With respect to the federal treatment of HSAs, the updated fact sheet notes that the maximum contribution for 2012 is $3,050 for individuals and $6,150 for families (unchanged from 2011). For more information, see ¶2061E.

(Read Intelliconnect) »

Survey shows most employers considering move towards exchange-based individual market strategies for retiree medical programs

Driven by changes under the Patient Protection and Affordable Care Act (PPACA), most employers are reevaluating their retiree health care strategy and are considering implementing strategies that open access to the individual Medicare plan market through health care exchanges, according to a new survey by Aon Hewitt. For more information, see ¶2061F.

(Read Intelliconnect) »

Pension Plan Guide News

EBSA announces new 401(k) fee disclosure resource website

The EBSA has announced the launch of a new 401(k) fee disclosure website for workers. For more information, see ¶116N.

(Read Intelliconnect) »

CCH projects inflation-adjusted tax brackets and other amounts for 2013

CCH Tax & Accounting has prepared projected inflation-adjusted tax bracket numbers for the 2013 Tax Rate Schedules, the standard deduction, personal exemption, and other tax amounts, including amounts used to calculate IRA contribution levels, for use in year-end and 2013 tax planning. For more information, see ¶116O.

(Read Intelliconnect) »

PBGC issues disaster relief for victims of Hurricane Isaac in Louisiana

The PBGC has issued disaster relief from certain plan-related deadlines and penalties for victims of Hurricane Isaac that began on August 26, 2012, in Louisiana. For more information, see ¶19,996C23.

(Read Intelliconnect) »