The U.S. Department of Labor (DOL) published a proposed rule in October that would allow plan administrators to make retirement plan disclosures available on a website.
29 CFR Part 2520 states: The Department of Labor is proposing in this document a new, additional safe harbor for the use of electronic media by employee benefit plans to furnish information to participants and beneficiaries of plans subject to the Employee Retirement Income Security Act of 1974 (ERISA). The proposal, if adopted, would allow plan administrators who satisfy specified conditions to provide participants and beneficiaries with a notice that certain disclosures will be made available on a website.
Planning a holiday office party can be a logistical nightmare, especially when you don’t know where to begin. Luckily, we have a few steps to make it easier.
The IRS announced an increase to flexible spending account FSA contribution limits for the 2020 plan year. Individuals can contribute $2,750 in 2020, up $50 from the previous year.
