On June 9, 2023, the Securities and Exchange Commission (the SEC) approved the New York Stock Exchange (NYSE) and Nasdaq Stock Market (Nasdaq) listing standards related to recovery of erroneously awarded compensation, referred to as “clawbacks,” as mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act).Introduction
On June 9, 2023,
Benefits Blast
Blog Authors
Latest from Benefits Blast
Departments Release Proposed Mental Health Parity Regulations: Key Changes for Employers
On July 25, 2023, the Departments of Labor, Treasury, and Health and Human Services (the Departments) released a Proposed Rule under the Mental Health Parity and Addiction Equity Act (MHPAEA).On July 25, 2023, the Departments of Labor, Treasury, and Health and Human Services (the Departments) released a Proposed Rule under the Mental Health Parity and…
WA Cares Fund: Mandatory Deductions Will Begin July 1, 2023
In 2019, the state of Washington created the WA Cares Fund to provide affordable long-term care coverage for employees in Washington state. Following legislation that delayed the effective date by one year and added voluntary exemptions for certain individuals, Washington state employers must now begin deducting premiums from employee wages beginning July 1, 2023.WA Cares…
Benefits Bulletin: Health & Welfare Plans – May 2023
The IRS recently released Rev. Proc 2023-23 listing the 2024 indexed amounts for health savings accounts (HSAs), high deductible health plans (HDHPs), and excepted-benefit health reimbursement arrangements (HRAs).IRS Releases 2024 Inflation-Adjusted Amounts For HSAS, HDHPS, And HRAS
The IRS recently released Rev. Proc 2023-23 listing the 2024 indexed amounts for health savings accounts (HSAs), high…
Employee Benefit Plan Health and Welfare Updates
As March 2023 comes to a close, a lot has happened with respect to health and welfare employee benefit plans. Below is a quick summary highlighting some of the changes.
As March 2023 comes to a close, a lot has happened with respect to health and welfare employee benefit plans. Below is a quick summary…
IRAs, Investment Advice, and the Department of Labor—Important Takeaways
On February 13, 2023, a Florida federal district court (the Court) partially invalidated the U.S. Department of Labor’s Employee Benefit Security Administration’s (the Department’s) interpretation of its rule that described when a financial adviser who helps participants roll over some or all of their 401(k) assets into an individual retirement account (IRA) or an annuity…
COVID-19 Federal Emergency Declarations Ending in May 2023: The Impact on Private Health Plans
On January 30, 2023, the White House announced its intent to extend both the COVID‑19 National Emergency and the COVID‑19 Public Health Emergency declarations to May 11, 2023, and to end both emergency declarations on that date. The Public Health Emergency was initially declared by the Department of Health and Human Services as of January 27, 2020.…
Employee Considerations in Corporate Restructurings
The global economy is beset by challenges that will continue to affect companies throughout 2023. Growth has slowed, high inflation is widespread, and increasing interest rates are likely to worsen financial vulnerabilities. Companies reckoning with this difficult business environment are seeking to reduce costs, including through layoffs, such as those implemented throughout the financial and…
IRS Permanently Extends Deadline for Furnishing Forms 1095-C and 1095-B to Individuals
On December 15, 2022, the Internal Revenue Service (IRS) issued final regulations that permanently extend by 30 days the deadline for furnishing Form 1095-C and Form 1095-B to individuals. The forms will now be due on March 2 (March 3 in a leap year), or the next business day if the due date falls on…
DOL Finalizes Latest Iteration of ESG & Proxy Guidance
After repeated back-and-forth linked to changes in Presidential administrations, the Department of Labor attempts to establish a “principles-based approach” intended to provide “appropriate regulatory neutrality.”After repeated back-and-forth linked to changes in Presidential administrations, the Department of Labor attempts to establish a “principles-based approach” intended to provide “appropriate regulatory neutrality.”
The United States Department of Labor…