Insights

On December 10, 2024, the IRS updated its FAQs for retirement plan and IRA required minimum distributions (RMDs). The FAQs are updated periodically to incorporate new guidance and provide clarity as needed. As we discussed in our July issue of Compliance Corner IRS Issues Updated Guidance on Required Minimum Distributions, the IRS released final regulations updating the RMD rules under the SECURE Act and SECURE 2.0 Act (SECURE 2.0). These FAQs, in part, provide additional clarification for

Effective for plan years on or after January 1, 2026, group health insurance, HMOs, Medicaid, and individual policies in Delaware must cover abortion-related services without referral, prior authorization, or cost-sharing up to $750 per year per enrollee. Further, coverage provided under this provision may not be subject to any deductible, coinsurance, copayment, or any other cost-sharing requirement up to the $750 maximum. Certain religious employers may request to exclude the abortion-related

Starting with the first payroll with a pay date in January, any employer with at least one Maine-based employee has obligations under Maine’s new Paid Family and Medical Leave law to withhold their Maine employees’ share of premium contributions through payroll. Employers may withhold up to 0.5% of their Maine-based employees’ wages in 2025. Employers with at least one employee working in Maine (“covered employers”) should ensure that their payroll systems and their payroll vendors are set up p

Between December 3 - 6, 2024, the Department of Health published copies of letters it sent to organizations that are payors of health care services and have filed an election application to pay certain health care services surcharges directly to the Health Care Reform Act (HCRA) Public Goods Pool. These letters served to inform these organizations whether they are eligible to file Public Goods Pool reports and related surcharge and covered lives assessment obligations on an annual basis. If the

By collaborating with a building materials supplier to close fleet safety exposures, the SRC team of NFP helped this East Coast-based client retain their insurance coverage and avoid higher premiums from their carrier.

Explore how this year's macroeconomic trends have impacted compensation planning and learn how they might impact your approach to total rewards in 2025.

Maria Trapenasso, SVP, Human Capital Solutions and Megan Nail, VP, Total Rewards Practice Today's fast changing market requires an agile approach to make great employee benefits, or even good employee benefits. Have you reviewed your total rewards package lately? Your employees’ needs have likely evolved, and you may still be investing in benefits that no longer hold value, especially when younger generations are continuously bringing new priorities to the workforce. Top 5 Employee Benefits Tre

NFP identified unintended risks and inefficiencies that existed in a $149M 403(b) plan.

Auto loan defaults are on the rise, learn how to protect your portfolio and minimize risk in today's tough economy.