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Benefits Planning for Year End and 2024
Jackson Walker Link to more items from this source
[Guidance Overview]
Nov. 10, 2023

"Although there is no amendment required to single employer retirement plan documents by December 31, 2023, there are operational requirements that you will need to implement and keep records of the choices you make  ... Many employers rely on their TPA or broker to manage ... compliance requirements. Employers should verify that the TPA or broker is complying with all of the changes, as the penalties generally fall on the employer sponsoring the group health plan subject to these requirements."

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