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Employers have an obligation to manage their retirement plans in the best interest of participants and beneficiaries. This requires a knowledge of plan provisions and frequent revisiting of the document so that it is responding to industry changes. IRS rules compel review at this time to make sure that they confirm to regulations.
How will the IRS find out if an employer is liable for a shared responsibility payment? How will the IRS determine if individuals are disqualified from exchange subsidies because of an offer of employer coverage? The simple answer: Employers will tell the IRS.
LATEST ARTICLES
Labor Department Rule Would Grant Overtime Pay to Salaried Workers
A final rule announced by the Labor Department would expand overtime pay for millions of salaried workers.
