Back in May 2020, the Departments of Labor, the Treasury, and the Internal Revenue Service (IRS) (collectively, the "Agencies") extended certain deadlines for plans subject to ERISA–including the runout period, in which...Read More
Many organizations are abuzz with excitement over the recent Consolidated Appropriations Act, 2021 (the “Act”), which provides temporary new relief for flexible spending accounts (FSAs). With the legislation, organizations can...Read More
A flexible spending account (FSA) empowers employees to pay for certain medical expenses with pre-tax funds. FSAs are popular accounts because of the tax benefits they provide to employees and to their employers.
Here are some...Read More