Kushner & Company Blog

The Kushner & Company blog brings current legal, regulatory, and items of interest to our business executives and HR professionals in all areas of HR and benefit design and administration. The extensive library of blogs is fully searchable and contains many ideas, tips, and updates on all things HR and benefits.

Given all the recent news about student loans and the impact on both individual lives and the economy as a whole, we thought it was time to review what an employer can do to assist those either currently in post-secondary or technical schools as well as those who have graduated and now have loans.

Posted on April 15, 2024 By Kushner & Company
Categories: 
401(k), 
Benefits, 
Blog, 
Defined Contribution Plan, 
Educational Assistance, 
ERISA-ACA Compliance, 
Learning and Development, 
Team Rewards, 
Total Rewards, 
Work / Life Balance

Almost every organization that sponsors employee benefit plans must file IRS Form 5500. Of course, there are different rules and requirements for 5500s based on the type of plan being reported. In today’s post, we’re going to look at a few of the common questions that we receive about 5500s.

Posted on February 1, 2024 By Kushner & Company
Categories: 
401(k), 
Administration, 
Benefits, 
Blog, 
Cash Balance, 
Combo Plans, 
Defined Contribution Plan, 
ERISA-ACA Compliance, 
FSA / HSA / HRA, 
Health Reimbursement Arrangements (HRA), 
HR Compliance, 
IRS Form 5500 Services (BDA), 
IRS Form 5500 Services (RPS), 
Money Purchase, 
Profit Sharing, 
Qualified Small Employer HRA (QSEHRA), 
Retirement Plans, 
Team Rewards, 
Total Rewards

As a time-tested HSA company, Kushner & Company knows that managing a Health Savings Account (HSA) for your employees requires an experienced TPA utilizing modern technology tools for both you and your participants. Here are eleven important questions to ask of your current or prospective TPA.

Posted on November 21, 2023 By Kushner & Company
Categories: 
Administration, 
Benefit Card, 
Benefits, 
Blog, 
FSA / HSA / HRA, 
Health and Welfare Team, 
Health Savings Accounts (HSA), 
Total Rewards

The IRS has now released all of the 2024 benefit limits. These include both the cafeteria and health plan limits as well as all of the qualified retirement plan limits.

Earlier this year, they also released the High Deductible Health Plan (HDHP) and Health Savings Account (HSA) limits.

Posted on November 9, 2023 By Kushner & Company
Categories: 
401(k), 
Administration, 
Benefits, 
Blog, 
Cash Balance, 
Combo Plans, 
Commuter Benefits, 
Defined Contribution Plan, 
ERISA-ACA Compliance, 
Flexible Spending Accounts (FSA), 
FSA / HSA / HRA, 
Health and Welfare Team, 
Health Reimbursement Arrangements (HRA), 
Health Savings Accounts (HSA), 
HR Compliance, 
Money Purchase, 
Profit Sharing, 
Qualified Small Employer HRA (QSEHRA), 
Retirement Plans, 
Total Rewards

When it comes to FSA, HRA, and HSA administration, plans are technical and require significant oversight. But by working with a highly skilled third-party administrator (TPA), employers can be supported in these tasks, assured their plans run smoothly, and in compliance with all requirements.

Posted on October 20, 2023 By Kushner & Company
Categories: 
Benefit Card, 
Benefits, 
Blog, 
Commuter Benefits, 
ERISA-ACA Compliance, 
Flexible Spending Accounts (FSA), 
FSA / HSA / HRA, 
Health and Welfare Team, 
Health Reimbursement Arrangements (HRA), 
Health Savings Accounts (HSA), 
Plan Document Services (BDA), 
Qualified Small Employer HRA (QSEHRA)

401(k)’s and other retirement plans are extremely technical, But by working with a highly skilled Third Party Administrator (TPA), employers can be supported in these tasks, assured their plan is running smoothly, and in compliance with ERISA and IRS regulations.

Posted on October 5, 2023 By Kushner & Company
Categories: 
401(k), 
Administration, 
All Articles, 
Blog, 
Cash Balance, 
Combo Plans, 
Defined Contribution Plan, 
HR Compliance, 
HR Outsourcing, 
IRS Form 5500 Services (RPS), 
Money Purchase, 
Nonqualified Plans (Executive Compensation), 
Plan Document Services (RPS), 
Profit Sharing, 
Retirement Plans, 
Summary Plan Descriptions, 
Team Rewards, 
Total Rewards

Medicare requires all employers that offer prescription drug benefits to provide an annual notice to all Medicare-eligible plan participants and qualified beneficiaries before October 15th of each year. Here's all you need to know about that filing.

Posted on September 15, 2023 By Kushner & Company
Categories: 
Administration, 
Benefits, 
Blog, 
ERISA-ACA Compliance, 
Health Reimbursement Arrangements (HRA), 
HR Compliance, 
Team Rewards, 
Total Rewards

Employers who maintain a retirement plan for their employees are very familiar with the requirement to file an IRS Form 5500 and associated schedules each year.  However, many employers are unaware that they may also have a 5500 requirement for their health and welfare plans.

Posted on September 6, 2023 By Kushner & Company
Categories: 
Administration, 
Benefits, 
Blog, 
ERISA-ACA Compliance, 
FSA / HSA / HRA, 
Health and Welfare Team, 
HR Compliance, 
IRS Form 5500 Services (BDA)

On August 25, 2023, the IRS published Notice 2023-62, putting an “Administrative Transition Period” of two years on the SECURE 2.0 requirement that all participants earning $145,000 or more in the prior calendar year must make all catch-up contributions as Roth.

Posted on August 29, 2023 By Kushner & Company
Categories: 
401(k), 
Administration, 
Benefits, 
Blog, 
Defined Contribution Plan

The Affordable Care Act set affordability limits on group health plans. It also set significant penalties for failure to offer affordable plans. Potentially there's a huge increase coming in 2024 for employers' share of the costs.

Posted on August 29, 2023 By Kushner & Company
Categories: 
Administration, 
Benefits, 
Blog, 
ERISA-ACA Compliance, 
Health and Welfare Team, 
HR Compliance, 
Total Rewards

With the exponentially growing number of organizations offering Flexible Spending Accounts (FSA), FSA administration has become a common topic in a number of industries. Providing a range of tax advantages for both employers and employees, these plans give options for paying medical expenses.

Posted on July 27, 2023 By Kushner & Company
Categories: 
Blog, 
FSA / HSA / HRA

The IRS has released a new Notice that provides transition relief for Required Minimum Distributions (RMDs) under the SECURE 2.0 Act passed in December, 2022.

Posted on July 24, 2023 By Kushner & Company
Categories: 
401(k), 
Benefits, 
Blog, 
Retirement Plans