Stephanie Schmid

Jan 20, 2025 | jdsupra.com | Lisa Rippey |Stephanie Schmid

On December 23, 2024, President Biden signed into law two important pieces of legislation, the Paperwork Burden Reduction Act (Reduction Act) and the Employer Reporting Improvement Act (Reporting Act), that aim to ease the administrative and reporting burdens on health plan sponsors and insurance providers under the Affordable Care Act (ACA).

Jan 7, 2025 | jdsupra.com | Samuel Butler |Audrey Fenske |Stephanie Schmid

The SECURE 2.0 Act of 2022 requires certain 401(k) and 403(b) plans to include automatic enrollment and escalation features for the first plan year beginning after December 31, 2024, meaning that for those plans with a calendar plan year, the new year brought a new compliance obligation.