Health and Benefits Updates

2022 Reporting Instructions for HSAs and MSAs

The IRS has posted 2022 Instructions for Forms 1099-SA and 5498-SA, Distributions From an HSA, Archer MSA, or Medicare Advantage MSA, and HSA, Archer MSA, or Medicare Advantage MSA Information. These forms are used when administering health savings accounts (HSA), Archer Medical Savings Accounts (Archer MSA), and Medicare Advantage Medical Savings Accounts (MA MSA). The instructions will be reviewed and additional details provided as warranted.

Government Savings Health and Welfare Forms and Publications Savings Individual

Regulatory and Legislative

DOL Issues Final Amendments to VFCP

The Department of Labor has released a final amendment updating the Voluntary Fiduciary Correction Program.

Regulatory and Legislative

DOL ESOP Proposed Rule Has Left OMB

The Office of Management and Budget has completed review of a proposed rule from the Department of Labor titled "Worker Ownership, Readiness, and Knowledge”.

Regulatory and Legislative

IRS Announces Deadline Relief for California Wildfires

The IRS has announced the postponement of certain tax-related deadlines for victims of California affected by wildfires and straight-line winds until October 15, 2025.