The One Big Beautiful Bill (OBBB), signed into law July 4, 2025, made several changes to Health Savings Account (HSA) rules. While not mandatory, some employers may want to consider whether to modify their HSA programs accordingly.
Continue reading “One Big Beautiful Bill: How It Affects Health Savings Account Administration”
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, 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.
By Inés Sosa & Mark Rosenfeld
On April 3, 2025, the U.S. Department of Labor issued guidance on the Annual Funding Notice changes made by the SECURE Act 2.0 and provided model notices. Pension plan administrators should review and revise their annual funding notices in light of the new guidance.
By Mona Ghude & Kristina Ferris Salamoun
As cryptocurrency’s popularity as a high-risk, high-reward investment option grows, the question of incorporating cryptocurrency into employer-sponsored retirement plans has sparked debate among regulators, employers and investors alike.
By Karen Gelula & Allison S. Egan
The DOL, the HHS and the IRS announced they will not enforce the 2024 Final Rule regulations for the Mental Health Parity and Addiction Equity Act. The agencies noted they will reconsider or modify the 2024 Final Rule, and each department will review its enforcement approach.
On July 4, 2025, the Trump administration signed into law the final version of H.R. 1- One Big Beautiful Bill (OBBB). The OBBB includes various changes that affect employee benefits, including an optional increase to the annual amount an employer can allow an employee to contribute on a tax-favored basis to their dependent care assistance program/flexible spending account (FSA).
For plan years starting on or after January 1, 2026, the maximum dependent care FSA contribution limit will increase from $5,000 to $7,500 a year (and from $2,500 to $3,750 per year if married and filing taxes separately). This new dependent care FSA contribution limit is not indexed for inflation.
Continue reading “Increase to Dependent Care Flexible Spending Account Limit”
