Nicholas Pension Consultants
Nova 401(k) Associates
Compensation Strategies Group, Ltd.
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|IRS Provides Penalty Relief for Employer Payment Plans Offered by Small Employers|
Practical Law Company
Feb. 22, 2015
"In a notable Q&A from last year, ... the IRS emphasized that employer payment plans were subject to $100/day excise taxes, which could total $36,500 per year, per employee. The Departments acknowledge in Notice 2015-17 that some employers who have offered health coverage through an employer payment plan may need additional time to adopt an alternative ... However, the transition relief window provided under the Notice (that is, through June 2015) is relatively short."
|Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the link above).|
|An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).|