ARE YOU PREPARED TO RESPOND TO A DEPARTMENT OF LABOR (DOL) AUDIT LETTER WITHIN 10 DAYS, INCLUDING ALL OF THE REQUIRED DOCUMENTATION?
IN 2019, THE EBSA (DOL) CRIMINAL INVESTIGATIONS LED TO THE INDICTMENT OF 76 INDIVIDUALS FOR OFFENSES RELATED TO EMPLOYEE BENEFIT PLANS.
IN 2019, THE DOL INVESTIGATED MORE THAN 201,000 PARTICIPANT INQUIRIES AND RECOVERED $510 MILLION IN BENEFITS ON BEHALF OF WORKERS THROUGH INDIVIDUAL COMPLAINTS.
PENALTY ASSESSMENTS – NOT BEING COMPLIANT WILL PUT AN EMPLOYER TO SIGNIFICANT PENALTIES, CIVIL FINES, LAWSUITS, IRS EXCISE TAXES, AND POSSIBLE REFERRALS TO THE IRS.

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IRS Restores $6,900 HSA Family Contribution Limit for 2018

The IRS has again modified the 2018 Health Savings Account (HSA) contribution limit for individuals with family High Deductible Health Plan (HDHP) coverage, allowing participants to treat $6,900 as the 2018 family maximum contribution limit. As background, the IRS announced in 2017 that the 2018 HSA contribution limit for individuals with family HDHP coverage would be $6,900. In March 2018, however, the IRS lowered the limit to $6,850 to reflect a change in the method of calculating certain cost-of-living adjustments. Now, in response to employers’ concerns regarding the administrative issues with implementing a midyear reduction in the limit, the IRS has restored the original $6,900 limit for 2018.

https://www.irs.gov/pub/irs-drop/rp-18-27.pdf

ARE YOU PREPARED TO RESPOND TO A DEPARTMENT OF LABOR (DOL) AUDIT LETTER WITHIN 10 DAYS, INCLUDING ALL OF THE REQUIRED DOCUMENTATION?

IN 2019, THE EBSA (DOL) CRIMINAL INVESTIGATIONS LED TO THE INDICTMENT OF 76 INDIVIDUALS FOR OFFENSES RELATED TO EMPLOYEE BENEFIT PLANS.

IN 2019, THE DOL INVESTIGATED MORE THAN 201,000 PARTICIPANT INQUIRIES AND RECOVERED $510 MILLION IN BENEFITS ON BEHALF OF WORKERS THROUGH INDIVIDUAL COMPLAINTS.

PENALTY ASSESSMENTS – NOT BEING COMPLIANT WILL PUT AN EMPLOYER TO SIGNIFICANT PENALTIES, CIVIL FINES, LAWSUITS, IRS EXCISE TAXES, AND POSSIBLE REFERRALS TO THE IRS.