Written by members of Faegre Drinker’s benefits and executive compensation team, this blog features analysis and information on matters related to retirement plans, health and welfare plans, ESOPs, ERISA litigation, fiduciary governance, and other benefits issues.
This quarterly digest provides links to our most popular posts during the past few months so that you can catch up on what you missed or re-read them.
Final Changes Announced to Forms 5500 and 5500-SF
By Mona Ghude and Caitlin M. Britos
The Department of Labor announced that it has finalized, together with the Internal Revenue Service and Pension Benefit Guarantee Corporation, the third and final round of revisions to the Form 5500 Annual Return/Report of Employee Benefit Plan and the 5500-SF Short Form Annual Return/Report of Small Employee Benefit Plan.
Health Plan Coverage and Documentation Following the End of the COVID-19 Emergencies
By Dawn Sellstrom and James E. Crossen
The COVID-19 national emergency and public health emergency officially ended on April 10 and May 11, 2023, respectively. The end of the emergencies offers sponsors of group health plans the opportunity to modify certain COVID-19-related benefits that were offered in the past several years because of national emergency and public health emergency-related legislation and regulations.
Use of Forfeitures in Qualified Retirement Plans
By Karen Gelula and Inés Sosa
On February 27, 2023, the Internal Revenue Service and the Department of Treasury published proposed regulations regarding the use of forfeitures in qualified retirement plans. If finalized, the proposed rule will be effective for plan years beginning on or after January 1, 2024. However, plans may rely on the proposed regulations now.
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