Client Alerts by Kristi Hill
2026
- The New EPCRS Is Here and Effective Now
The IRS issued the first comprehensive update to its plan correction program (EPCRS) since 2021 on October 22, and it is effective immediately.
- SECURE 2.0 Plan Amendments Due By December 31, 2026
Most private sector defined contribution plans and 403(b) plans must adopt amendments reflecting the SECURE Act and SECURE 2.0 Act (and the CARES Act, if needed and not yet adopted) by December 31…
- The 2027 ACA Affordability Threshold is Rising to a Record 10.22% — Reset Employee Contributions Before Fall Open Enrollment
For Applicable Large Employers and sponsors of group health plans. The IRS has set the Affordable Care Act affordability threshold at 10.22% of household income for plan years beginning in calendar…
- Five-Part Fiduciary Test Is Back: Update Financial Advisory Agreements Now
On March 20, 2026, the Department of Labor published a vacatur notice (FR Doc. 2026-05492, 91 FR 13503–13510) officially removing the 2024 Retirement Security Rule from the Code of Federal…
2025
- Is Your 401(k) Plan Ready for Roth Catch-Ups in 2026?
Beginning January 1, 2026, “high earners” must make catch-up contributions on a Roth (after-tax) basis. The Treasury Department issued final regulations on this SECURE 2.0 change last month. Although…
- IRS Announces COLA Adjusted Retirement Plan Limitations for 2026
The Internal Revenue Service released Notice 2025-67 announcing cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2026.…
- IRS Announces 2026 HSA Contribution Limits, HDHP Minimum Deductibles and HDHP Maximum Out-of-Pocket Amounts
The IRS has announced 2026 HSA and HDHP limits as follows: Annual HSA contribution limitation. For calendar year 2026, the annual limitation on deductions for HSA contributions under § 223(b)(2)(A)…
- Supreme Court Raises Bar for Dismissing ERISA Prohibited Transaction Claims
The Supreme Court made it easier for plaintiffs to bring ERISA prohibited transaction claims last month when it unanimously adopted a lower pleading threshold for plaintiffs making such claims.…
- ERISA Corrections Beyond EPCRS – Recording Now Available
We recently hosted a Lunch & Learn webinar on a topic that is both nuanced and crucial for retirement plan professionals: ERISA corrections outside the guidance of the IRS’s Employee Plans Compliance…
2023
- IRS Announces 2024 HSA Contribution Limits, HDHP Minimum Deductibles and HDHP Maximum Out-of-Pocket Amounts
The IRS has announced 2024 HSA and HDHP limits as follows: Annual HSA contribution limitation. For calendar year 2024, the annual limitation on deductions for HSA contributions under § 223(b)(2)(A)…
2022
- Impact of SECURE Act 2.0 on Employers
The Consolidated Appropriations Act, 2023, a 4,155-page omnibus bill, was approved by Congress in its final form on December 23, 2022, and is expected to be signed by President Joe Biden before…
- IRS Announces COLA Adjusted Retirement Plan Limitations for 2023
The Internal Revenue Service today released Notice 2022-55 announcing cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2023.…
- IRS Announces 2023 HSA Contribution Limits, HDHP Minimum Deductibles and HDHP Maximum Out-of-Pocket Amounts
The IRS has announced 2023 HSA and HDHP limits as follows: Annual HSA contribution limitation. For calendar year 2023, the annual limitation on deductions for HSA contributions under § 223(b)(2)(A)…
2021
- IRS Announces COLA Adjusted Retirement Plan Limitations for 2022
The Internal Revenue Service today released Notice 2021-61 announcing cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2022.…
- IRS Announces 2022 HSA Contribution Limits, HDHP Minimum Deductibles and HDHP Maximum Out-of-Pocket Amounts
The IRS has announced 2022 HSA and HDHP limits as follows: Annual HSA contribution limitation. For calendar year 2022, the annual limitation on deductions for HSA contributions under § 223(b)(2)(A)…
- COVID Stimulus Bill provides Free COBRA Coverage
On March 11, 2021, the American Rescue Plan Act of 2021 (“ARPA”) was signed into law by President Biden. The ARPA includes several significant health, pension funding, executive compensation and other…
- Employee Benefits Relief in the Year-End COVID-19 Stimulus Legislation
The Consolidated Appropriations Act, 2021 (H.R. 133) (the “Act”) was passed by both houses of Congress on December 21, 2020, and signed into law by the President on December 27, 2020. The Act is an…
2020
- Webinar: The Must-Do’s and Common Mistakes of Employee Benefit Planning
Lisa Dursey joins Stephanie Rising of The Rising Effect in a 15-minute webinar discussing the must-do’s and common mistakes of administering employee benefit plans. This webinar provides a concise…
- IRS Announces COLA Adjusted Retirement Plan Limitations for 2021
The Internal Revenue Service today released Notice 2020-79 announcing cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2021.…
- How to Register as a Pooled Plan Provider
The Department of Labor issued a Proposed Rule on August 27, 2020 setting forth the registration requirements for Pooled Plan Providers (PPPs). Under the Proposed Rule, PPPs who plan to begin…
- New Lifetime Income Disclosure Requirement for Pension Benefit Statements
The DOL issued an interim final rule on August 18, 2020 that gives plan administrators the opportunity to limit their liability with respect to the lifetime income illustrations that will be required…