Burning Benefit News-Issue 1
Tuesday, January 19th, 2010Lawyers’ proactive advice to clients about legal developments is something of a “Goldilocks” process. We want to advise you of the truly important developments only. In that spirit, attached to this e-mail is our most recent Burning Benefits News.
COBRA SUBSIDY: there’s a reminder of the COBRA premium subsidy notice that’s due February 17. Remember that COBRA applies to employers with 20 or more employees, and who sponsor a group health plan.
NEW IRS ROLLOVER NOTICE: we include information for retirement plans, regarding the new rollover notice requirements for non-spouse beneficiaries who receive a qualifying distribution. Beginning in 2010, even non-spouse beneficiaries of a deceased participant have a rollover option, and you must withhold 20% from a distribution that’s not rolled-over.
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