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The Case for the Welfare Plan Fiduciary Committee

McDermott Will & Emery Employee Benefits

Recent lawsuits filed against the group health plans of two large US employers underscore the importance of implementing formal welfare benefit plan governance structures that include fiduciary committees comparable to the governance structures employer sponsors of retirement plans routinely adopt.

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2023 Employee Benefits Reporting and Disclosure Calendars

International Foundation of Employee Benefit Plans

Plan sponsors and administrators are encouraged to reference these comprehensive calendars to stay on track in 2023. Health and Retirement Plans Subject to ERISA (Includes Multiemployer Plans) Health and Welfare.

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IRS Announces 2024 Employee Benefit Plan Limits

McDermott Will & Emery Employee Benefits

The Internal Revenue Service recently announced the cost-of-living adjustments to the applicable dollar limits for various employer-sponsored retirement and welfare plans for 2024. Certain health and welfare plan limits have not yet been released.

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IRS Announces 2024 Employee Benefit Plan Limits

McDermott Will & Emery Employee Benefits

On November 9, 2023, the Internal Revenue Service (IRS) announced cost-of-living adjustments to the applicable dollar limits for certain health and welfare plan benefits, including those for health flexible spending arrangements and commuter benefit plans, among other important updates.

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Employee Benefit Plans: Important Considerations for Year-End and 2025

McDermott Will & Emery Employee Benefits

With the 2025 plan year right around the corner, this is the ideal time for plan sponsors to ensure that plan operations comply with evolving legislative and regulatory requirements. This client alert highlights important regulatory changes that will impact retirement plans and health and welfare plans in the coming year.

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How to Recruit Top Talent without Treating It Like a Chore

HR Digest

Employee benefit plans can offer additional monetary support such as retirement planning assistance, 401(k) plans , student loan assistance, dental insurance, etc., but benefits can be stacked up in other ways as well. are just some of the ways that employers can offer to improve the quality of life.

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Annual Limits on Qualified Plans for 2023

Benefits Notes

On October 21, 2022, the Internal Revenue Service (IRS) released Notice 2022-55 , which sets forth the 2023 cost-of-living adjustments affecting dollar limits on benefits and contributions for qualified retirement plans. The following chart summarizes the 2023 limits for benefit plans. Catch-up Limit (age 50+). 150,000.

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