IRS Checklist for 403(b) Plans

403(b) plans have been a benefits staple of nonprofit organizations for many years. Up until 2009, the Internal Revenue Service and Department of Labor paid these plans very little attention; regulatory guidance was sparse and reporting requirements minimal. This all changed when ERISA-covered plans were required to look and feel much more like their qualified…

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IRS Releases New Guidance for ACA Compliance

The IRS released fact sheets 2014-09 discussing the Affordable Care Act (ACA) as it pertains to individuals, and 2014-10 discussing the ACA as it pertains to employers.  These fact sheets provide a helpful overview in gaining a broad understanding of essence of the ACA. In short, all individuals, with very limited exceptions, must have insurance…

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