Employee Benefits Blog

California Cares . . . About Employees Losing Flexible Spending Account (“FSA”) Funds

California recently approved Assembly Bill 1554, adding a flexible spending account notice requirement to § 2810.7 of the California Labor Code. The new law, which takes effect January 1, 2020, states: (a) An employer shall notify an employee who participates in a flexible spending account, including, but not limited to, a dependent care flexible spending […]

November 5, 2019 | 4 min read | Tagged: compliance, flexible spending, FSA, Notice

Nancy K. Campbell Of Counsel

IRS Announces 2018 Cost of Living Adjustments

This post has been updated as of June 7, 2018, to reflect the revised maximum annual HSA contribution limit for family coverage set out in Revenue Procedures 2018-18 and 2018-27. The IRS recently announced cost-of-living adjustments for 2018 in Notice 2017-64 and related guidance. The key dollar limits for qualified retirement plans and health and welfare plans […]

October 31, 2017 | 2 min read | Tagged: COLA, cost of living adjustment, defined benefit, defined contributino, ESOP, FSA, HDHP, health and welfare, HSA, key employee, maximum\, qualified retirement, simple

Matthew P. Chiarello Partner