TPA Retirement Plan Consultant EPIC RPS (TPA/DPS)
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Defined Benefit Consultant/Enrolled Actuary Pension Plan Specialists, PC
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Senior Specialist 401k Recordkeeping T Bank N.A.
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Defined Contribution Account Manager Nova 401(k) Associates
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Defined Contributions Compliance Consultant Loren D. Stark Company (LDSCO)
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Great Lakes Pension Associates, Inc.
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Fringe Benefit Group
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Retirement Solutions Specialists
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Retirement Planners and Administrators (RPA)
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Greenline Wealth Management
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New York City District Council of Carpenters Benefit Funds
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Pollard & Associates
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IRS Says Certain Wellness Program Rewards Cannot Be Provided Tax-Free
RSM US [Guidance Overview] June 2, 2016 "The promoters claim that, by employees reducing their pay, the employer saves on employment taxes and the employees save on both employment and income taxes; yet, because of the ACA, the plan can provide a tax-free reimbursement of a significant portion of the employees' wellness premiums so that the employees do not see a reduction in their net take-home pay. In a Chief Counsel Advice memorandum, the IRS determined that the coverage provided by the wellness program plus the health screenings and other medical care provided are excludable from the employees' incomes. However, the IRS stated that any cash or cash-equivalent rewards, as well as the wellness premium reimbursement, are includable in the employees' gross incomes and subject to the FICA and income tax withholding rules." |
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