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Employers may only make matching contributions to defined contribution plan based on eligible employee contributions. Some employees with student loan debt may not feel comfortable contributing to retirement plan because they need to pay down student loans.

The Inflation Reduction Act of 2022 (the “IRA”) added and modified certain energy tax credit provisions of the U.S. Internal Revenue Code of 1986, as amended (the “Code”). The...

On March 30, 2023, the U.S. District Court for the Northern District of Texas held that portions of the Affordable Care Act's (ACA) preventive services coverage mandate are unconstitutional.

On March 17, 2023, the Internal Revenue Service (IRS) released updated guidance on whether certain costs related to substance abuse programs, exercise programs, wellness and general...

The SECURE 2.0 Act of 2022 (SECURE 2.0) significantly changes the legal and administrative compliance landscape for U.S. retirement plans. Foley & Lardner LLP is authoring a series of...

The prospect of a nuclear bomb going off in the D.C. area is something that will hopefully remain in the realm of fiction. Should the proverbial sum of all fears play out, however, equipment in Arlington will help the federal government manage the response. A broad overview of the system -- installed on county-owned property

The IRS recently issued Proposed Regulations that clarify and update existing rules governing how and when forfeitures must be used in qualified defined contribution (e.g., 401(k)) and...

PUBLIC NOTICE

The IRS proposed regulations to clarify rules regarding supervisory approval of federal civil tax penalties under IRC Section 6751 b. Since Chai v Commissioner a substantial number of cases litigating issues involving supervisory approval of federal civil tax penalties.

President Biden signed H.R. Res. 7 into law on April 10 2023. Consequence is the applicable end of transition relief is June 9 2023 instead of July 10 2023 as previously anticipated. DOL informally announced deadline of July 10 2023 will remain the relevant date for COBRA