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IRS Allows Employee Choice to Allocate an Employer Contribution Among Multiple Benefit Programs
Calfee, Halter & Griswold LLP 
[Guidance Overview] Oct. 10, 2024 "[The IRS] approved an employee benefits program design (outside of a cafeteria plan) that would offer employees flexibility in allocating an employer contribution among certain employer-sponsored benefit plans.... Employer Considerations: [1] When to implement.... [2] Educational assistance program limit.... [3] Administrative complexity.... [4] Nondiscrimination testing.... [5] Program costs." MORE >> |
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