The countdown clock is running. The stadium lights are on, and the clock is ticking toward extra time. Plan sponsors must amend many qualified retirement plans by December 31, 2026. Just like in a World Cup knockout match, waiting invites
Benefits Law Advisor, published by Jackson Lewis P.C., focuses on employee benefits law and related regulatory updates. The blog covers topics such as retirement plan limits and adjustments, tax-advantaged savings accounts for children, employer reporting obligations for employee compensation, and recent IRS guidance affecting benefits administration. It also addresses compliance with new legislation impacting employee benefits, tax deductions related to tips and overtime pay, and practical considerations for plan sponsors and employers. The content is aimed at helping employers navigate evolving benefits laws, tax rules, and regulatory requirements affecting workplace benefit programs.
The Departments of Labor, Treasury, and Health and Human Services (Departments) issued a proposed rule that could significantly reshape how employers offer fertility benefits. The proposal would give employers another pathway to offer fertility benefits without embedding those benefits directly…
In April 2026, the IRS released updated FAQ (FS-2026-10) that supersedes the prior 2024 FAQ (FS-2024-22) addressing Section 127 educational assistance programs. While the core statutory framework remains largely unchanged, the updated guidance reflects both amendments made by the One…
The U.S. Department of Health and Human Services (HHS) Office for Civil Rights (OCR) recently announced a HIPAA enforcement action against an employer-sponsored group health plan. The action resulted in a payment to HHS of $245,000 and a two-year corrective…
Each April, National Employee Benefits Day provides an opportunity to reflect on the rapidly shifting landscape of employer‑sponsored benefits.
From implementing new tax laws, a flurry of executive orders with implications for both retirement and welfare plans, updated agency…
Takeaways
To expand access to retirement savings, New York now requires certain private-sector employers that do not sponsor a retirement plan to either:
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As employers begin 2026, a new wave of Employee Retirement Income Security Act (ERISA) litigation is emerging involving voluntary products that serves as an important reminder that accurate Form 5500 reporting, fiduciary best practices, and good governance procedures are important…
HIPAA compliance requirements continue to evolve, and recent court decisions have understandably drawn significant attention.
Last summer, we examined these developments in our Workplace Privacy Report article, analyzing how a Texas federal district court decision affected the HIPAA Reproductive…
Takeaways
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Takeaways
A provision of the One Big Beautiful Bill Act created “Trump Accounts,” a new type of individual retirement account (IRA) for children. Starting in 2026, a Trump Account may be opened for any child who is a U.S. citizen,…