Insights

On August 19, 2024, the IRS released Notice 2024-63, which provides interim guidance pursuant to the SECURE 2.0 Act for employers that want to provide matching contributions based on eligible student loan payments made by participating employees. In brief, among many other changes to retirement plan rules, SECURE 2.0 permits employers to amend their 401(k), 403(b), 457(b), and SIMPLE IRA plans to make matching contributions with respect to qualified student loan payments (QSLPs) for plan years

On July 23, 2024, the Colorado Division of Insurance released Bulletin B-4.139, to clarify the Division's position regarding coverage for abortion services in the individual and small market after the passage of Senate Bill (SB) 23-189, which requires carriers to provide coverage for the total cost of abortion care without requiring any cost-sharing from enrollees. The bulletin emphasizes the Division’s position that carriers are required to include abortion service coverage in health benefit p

As reported in the April 25, 2023, edition of Compliance Corner, the Delaware Expanding Access for Retirement and Necessary Saving (EARNS) program was signed into law in August 2022. The program was launched on July 1, 2024, and covered employers must register or certify their exemption by October 15, 2024. Employers with five or more employees who have wages or other compensation allocable to Delaware must register for the EARNS Program or certify their exemption if they already offer a tax-qu

Yes, employers are generally permitted to offer taxable cash incentives to employees who waive group health coverage under the employer’s Section 125 cafeteria plan. The details of the opt-out arrangement should be specified in the cafeteria plan document and clearly communicated to employees in the annual enrollment materials. However, there are several compliance issues to consider with an opt-out arrangement. First, for an applicable large employer (ALE) with 50 or more full-time or equivale

Industry experts recently shared these key takeaways in a recent webinar on the implications of the new PFAS designation under CERCLA.

The NFP Benefits Compliance team recently held a webinar featuring a conversation on MHPAEA requirements and practical compliance insights as we addressed the questions employer plans may be too embarrassed to ask. 

Domestic staff can be essential to the smooth functioning of your home — however, the risk of employee injury on the job exposes you to significant financial risk.

NFP’s global employee benefits team shares their top tips to achieve a level of consistency within your business’ international employee benefits strategy.

Check out these key themes that emerged from SHRM 2024 as critical focus areas for driving positive organizational change.