Related to: Employee Benefits Law

Matt Flanary

Employee Benefits Update: IRS Benefit Plan Limitations

Earlier this week, the Internal Revenue Service issued the various retirement plan limitations for 2019. There are changes to some of the most important numbers from 2018: Elective Deferral Limit: $19,000 Catch-Up Contributions: $6,000 415 (Total) Plan Limit: $56,000 Compensation Limit: $280,000 See an up-to-date chart that shows the historical limits from 2015 through 2019,…

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Employee Benefits Update: IRS Benefit Plan Limitations

Earlier this week, the Internal Revenue Service issued the various retirement plan limitations for 2018. There are changes to some of the most important numbers from 2017: Elective Deferral Limit $18,500 Catch-Up Contributions $6,000 415 (Total) Plan Limit $55,000 Compensation Limit $275,000 See an up-to-date chart that shows the historical limits from 2014 through 2018,…

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IRS Retirement Plan Limitations

EMPLOYEE BENEFITS UPDATE: IRS Retirement Plan Limitations

October 28, 2016 Earlier this week, the Internal Revenue Service issued the various retirement plan limitations for 2017.  There are only a few changes to the most important numbers from 2016, including: Elective Deferral Limit       $18,000 Catch-Up Contributions      $6,000 415 (Total) Plan Limit        $54,000 Compensation Limit        $270,000 See an up-to-date chart that shows the historical limits…

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EEOC Loses Challenge to Workplace Wellness Program

A federal district court in Wisconsin recently dismissed one of the U.S. Equal Employment Opportunity Commission’s (“EEOC”) well-publicized attacks on employer wellness programs. Our earlier legal updates regarding this case and some other EEOC challenges can be found here: August 2014 Legal Update and October 2014 Legal Update. In EEOC v. Flambeau, Inc., No. 14-cv-638…

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End-of-Year Guidance Clarifies the Treatment of Opt-Out Payments and Extends Reporting Deadlines

Although many employers have already taken steps to satisfy their reporting obligations under the Affordable Care Act (“ACA”), the IRS recently announced several important changes that delay the ACA reporting deadlines and also answer some questions that affect employers that offer employees cash for opting out of health care coverage. As explained below, employers that…

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EMPLOYEE BENEFITS UPDATE: IRS Benefit Plan Limitations

Earlier today, the Internal Revenue Service issued the various retirement plan limitations for 2016. The most important numbers have not changed from 2015. Elective Deferral Limit—$18,000 Catch-Up Contributions—$6,000 415 (Total) Plan Limit—$53,000 Compensation Limit—$265,000 See an up-to-date chart that shows the historical limits from 2012 through 2016, and a reference to the IRS sources. For…

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U.S. Supreme Court Highlights the Need to Review 401(k) Plan Fees

Earlier today, the U.S. Supreme Court issued a unanimous ruling that highlights the need to review 401(k) plan fees. The case is Tibble v. Edison and it reinforces the fact that employers need to understand 401(k) plan fees, minimize 401(k) plan fees and monitor 401(k) plan investments. The Tibble v. Edison Case. Tibble v. Edison…

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Employers Need to Carefully Consider COBRA When Negotiating Severance Benefits

A federal circuit court recently decided Bekaert Corp. v. Standard Life Ins. Co. of New York, which emphasizes one of the many complicated legal issues that employers need to consider when designing or negotiating severance arrangements. This case addresses one very common error that we regularly encounter when employers agree to provide health benefits during…

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The Supreme Court Reaffirms the Need to Have Accurate Plan Summaries

On May 16, 2011, the U.S. Supreme Court issued a complicated, but important decision that should cause employers to review all of their summary plan descriptions (“SPDs”) and other communications materials. CIGNA Corp. v. Amara No. 09-804 (May 16, 2011). While the Supreme Court decision dealt with a cash balance plan, and even though the…

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Milwaukee Paid Sick Leave Ordinance Ruled Valid

On March 24, 2011, the Wisconsin Court of Appeals reversed a prior decision by the Milwaukee County Circuit Court that had granted a permanent injunction barring the City of Milwaukee’s paid sick leave ordinance. Background Employers will recall that on November 4, 2008, City of Milwaukee electors, by way of Wisconsin’s direct legislation law, overwhelmingly…

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