The Consolidated Appropriations Act of 2021 (CAA), signed into law on December 27, 2020, includes a temporary rule providing COVID-related relief from certain partial plan terminations for employee benefit plans. Under this provision, a plan is not treated as having a partial plan termination during any plan year which includes the period beginning on March 13, 2020, and ending on March 31, 2021, if the number of active participants covered by the plan on March 31, 2021, is at least 80 percent of the number of active participants covered by the plan on March 13, 2020.
On Oct. 16, 2015, Bennett Thrasher was recognized as Metro-Atlanta’s 7th largest employee benefits and compensation consulting and brokering firms.
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The deadline is fast approaching for the payment of plan fees to fund patient-centered outcomes research that were created under the Patient Protection and Affordable Health Care Act (ACA). Issuers of specified health insurance policies and plan sponsors of applicable self-insured health plans are required to pay the fee by July 31.
Bennett Thrasher director Matt Grosvenor authored the article, “Employee Benefit Plans Update” for the March/April 2013 issue of GSCPA’s Current Accounts. The article highlights recent changes to employee benefit plan audits and what auditors need to know to avoid making some common mistakes.