6/12/2026 12:51:44 PM New Guidance on Expanded IRC Section 4960 Excise Tax: Proposed Regulations Coming Soon By Jeffrey Kroh Alex Freund On June 5, 2026, the Treasury Department and IRS issued IRS Notice 2026-36 (the “Notice”), announcing that proposed regulations under IRC...
6/8/2026 5:04:30 PM Virginia Expands Paid Sick Leave Program to Cover Most Employees By Shanna Cramer Savannah Myers On May 20, 2026, Governor Spanberger signed SB 199/HB 5, a new statewide Paid Sick Leave (“PSL”) program (“Act”). Virginia previously...
5/29/2026 7:53:21 PM Inflation Adjustments Issued for HSAs, HRAs, and Direct Primary Care Service Arrangements ("DPCSAs") By Christine Keller Katie Amin Today, the IRS issued Revenue Procedure 2026-24, which provides inflation adjustments for Health Savings Accounts ("HSAs"), Excepted...
5/15/2026 1:43:02 PM From PLR to Policy: OPTIONS Act Would Allow Employee Allocation of Employer Contributions Across Tax‑Free Benefits By Katie Amin Rosie Zaklad On April 15, House Ways and Means Committee members Reps. Greg Steube (R-Fla.) and Suzan DelBene (D-Wash.) introduced a bill, the...
5/15/2026 1:06:24 PM DOL Offers Enforcement Relief for Paper Statements, But Good Faith Compliance Still Required By Josh Fruto On May 12, 2026, the Department of Labor issued Field Assistance Bulletin 2026-02 (“FAB”), announcing a temporary “non”-enforcement...
5/12/2026 4:51:34 PM Assistant Secretary of Labor Discusses EBSA’s Efforts to Restore Regulatory and Litigation Balance, Including as to ESOPs By Andrew Salek-Raham Larry Blocho On May 8, 2026, Assistant Secretary of Labor Daniel Aronowitz delivered remarks at The ESOP Association’s National Conference in...
5/12/2026 4:51:07 PM 401(k) Plan Defendants Prevail on Forfeiture Claim at Bench Trial By Andrew Salek-Raham Larry Blocho A federal district court issued a mid-trial ruling in favor of the defendants regarding their use of forfeitures in Stephan v. Trader...
5/5/2026 12:23:30 PM IRS Releases 2027 Employer Mandate Penalty Amounts By Katie Amin On May 4, the IRS released the 2027 employer mandate penalties under Code section 4980H. These amounts are indexed each year, and for...
4/29/2026 1:07:01 PM Virginia Enacts a Broad Paid Family and Medical Leave Program By Shanna Cramer Savannah Myers On April 22, 2026, the Virginia General Assembly passed, and Governor Spanberger signed (following the acceptance of gubernatorial...
4/16/2026 12:59:56 PM EBSA Issues Guidance Signaling Continued Shift in ESOP Regulatory Environment By Lars Golumbic Andrew Salek-Raham Larry Blocho On April 14, 2026, the Employee Benefits Security Administration (“EBSA”) issued Field Assistance Bulletin (“FAB”) No. 2026-01. The new...
4/9/2026 7:16:41 PM CMS Exempts HRAs from Part D Creditable Coverage Reporting By Patrick O'Neil The Centers for Medicare & Medicaid Services (“CMS”) issued a final rule (“Final Rule”) on April 2, 2026 that would remove the...
3/30/2026 4:23:23 PM Do You Have Treasury/IRS Guidance Recommendations? By Katie Amin Treasury/IRS recently issued Notice 2026-23, which requests recommendations for the 2026-2027 Priority Guidance Plan (PGP). Treasury/IRS...