What Is Happening at Your WEB Chapter
At the national level, WEB sponsors webinars and offers publications and other resources to its members.
Chapters offer networking events for opportunities to meet face-to-face with other benefits professionals and educational events for opportunities to learn more about employee benefit trends, design, compliance and services.
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Featured Benefits News
The latest updates in trends, best practices and compliance
The Internal Revenue Service (IRS) has extended the initial remedial amendment period for individually designed and pre-approved Internal Revenue Code Section 403(b) plans to June 30, 2020, and has also extended the second six-year remedial amendment cycle for pre-approved defined benefit plans to July 31, 2020.
The Internal Revenue Service (IRS) has provided the effective date for refundable payroll tax credits regarding sick leave and family leave wages that must be paid under the Families First Coronavirus Response Act (Pub. L. No. 116-127). Under the IRS guidance (Notice 2020-21), the tax credits are available for wages paid for the period between April 1, 2020, and December 31, 2020.
The IRS has issued Q&As on Notice 2020-18, which postponed the due date for certain federal income tax payments in response to the COVID-19 outbreak. Among other topics, the Q&As address how the postponement affects retirement plans and health savings accounts (HSAs).