A spate of recent legislation and IRS guidance promises to make 2021 an active year for any employer seeking to provide its employees with a competitive array of employee benefits. My “top 5” list of employee benefits that an employer should introduce or enhance in 2021, to improve retention and/or recruitment, is set forth below:
Consolidated Appropriations Act
Consolidated Appropriations Act, 2021: Employer-Sponsored Health and Welfare Plan Components
By Brian M. Johnston on
Posted in Employee Benefits
The Consolidated Appropriations Act, 2021, generally provides the annual funding for the federal government and, in almost 5,600 pages, contains several important rules giving further COVID-19 relief, including the expansion of eligibility for the Paycheck Protection Program (PPP) and the Employee Retention Tax Credit.
The Act also relaxes several health, welfare, and retirement plan rules…