Have an Employee Benefits or Actuarial Question?

Failure to Satisfy Fiduciary Duty Results in Damage and Fee Award In the case of Kujanek v. Houston Poly Bag, Houston Poly Bag I, Ltd. (“Poly Bag”) was determined to have failed to provide a participant with a copy of the [...]

What are the 2013 Health Savings Account (HSA) limits? The IRS has released the cost of living adjusted amounts for the 2013 calendar year.  All of the limits will increase, except for the catch-up limit for the HSAs.   [...]

If we freeze our pension and move to a 401(k), how will employees be impacted? The impact of stopping benefit accruals in a defined benefit (DB) plan and using a defined contribution (DC) plan going forward depends on the employee’s age and years of service [...]

What expenses can be paid from a Flexible Spending Account? The expenses that can be paid from a Flexible Spending Account (FSA) can fall into two categories: health care and dependent care. Expenses paid from an FSA cannot be reimbursed [...]

What are the quarterly contribution requirements for pension plans? Pension plans are subject to minimum funding rules.  The minimum is based on the actuarial cost of benefits accruing during the plan year plus an amortization payment for any funding [...]