News & Blog

School’s Out for Summer: Save on Summer Daycare with Your FSA

Flexible Spending Accounts, P&A Group

Summer is here (finally!) and many families are settling into new routines, carefully planning summer vacations around work schedules and commitments. It’s no doubt a busy time of year for people – especially working parents who have to worry about child care. Luckily, there’s some financial relief available for summer child care costs through Dependent Daycare…

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PCORI Filing Fee Due July 31

Health Care Reform, Health Reimbursement Arrangements, P&A Group

July 31. Calendar on white background. 3D illustration. The next Patient Centered Outcomes Research Institute (PCORI) filing deadline is July 31, 2017 for all Health Reimbursement Arrangements (HRAs), Medical Expense Reimbursement Plans (MERPs) and self-funded medical plans with a plan year ending in 2016.  View the schedule of fees and learn more about this excise…

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DOL will not pursue claims against Fiduciaries During Phased Implementation Period Ending on January 1, 2018

P&A ERISA Corner, P&A Group, Retirement Plan Services

On May 22, 2017 the DOL published Field Assistance Bulletin No. 2017-02 which announced a temporary enforcement policy related to the Department of Labor’s final rule defining who is a “fiduciary” under ERISA and the related prohibited transaction exemptions (PTEs). The final rule, entitled “Definition of the Term ‘Fiduciary’; Conflict of Interest Rule — Retirement…

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HRAs – Will they work for your company?

Customer Service, Health Reimbursement Arrangements, P&A Group

A Health Reimbursement Arrangement (HRA) is an employer funded benefit that is used to reimburse employees for medical expenses as defined in IRS Code 213(d). A Health Reimbursement Arrangement (HRA) is an employer funded benefit that is used to reimburse employees for medical expenses as defined in IRS Code 213(d). You as an employer are…

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New HSA Limits Announced for 2018; Possible Changes Proposed

Health Care Reform, P&A Group

Last week the IRS released the inflation-adjusted limits for Health Savings Accounts (HSAs) in 2018.  The increases for the 2018 are as follows:   Annual Contribution Single:  $2,450 Family:  $6,900   HSA Minimum Deductible Single:  $1,350 Family:  $2,700   HSA Maximum Out-of-Pocket Expenses Single:  $6,650 Family:  $13,300   Looking Ahead If the ACA replacement bill…

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Commuting Made Easy with P&A

Commuter Benefits

Do the majority of your employees have monthly out-of-pocket parking and transit expenses to get to and from work? P&A offers a commuter plan that allows your employees to set aside pre-tax dollars to use for these expenses.     Do the majority of your employees have monthly out-of-pocket parking and transit expenses to get…

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