Month: October 2020
IRS Maintains Health FSA Contribution Limit for 2021, Adjusts Other Benefit Limits
On October 26, 2020, the Internal Revenue Service (IRS) released Revenue Procedure 2020-45, which maintains the health flexible spending account (FSA) salary reduction contribution limit from 2020, which is $2,750, for plan years beginning in 2021. Thus, for health FSAs with a carryover feature,... Find out more »
Alera Group Acquires Gordon Atlantic Insurance Agency
Alera Group, a national employee benefits, property and casualty, retirement services and wealth management firm, announced today that it has acquired Gordon Atlantic Insurance Agency, effective October 1, 2020.
Located in Norwell, Massachusetts, Gordon Atlantic works with clients throughout the... Find out more »
Alera Group Appoints John Mollica as Vice President, Business Intelligence and Transformation
Alera Group today announced that John Mollica has been appointed as Vice President, Business Intelligence and Transformation, effective October 12, 2020. Mollica will be responsible for overseeing Alera Group’s data and analytics strategy across the United States.
Mollica is an... Find out more »
IRS Extends Deadline for Furnishing Form 1095-C to Employees, Extends Good-Faith Transition Relief for the Final Time
The Internal Revenue Service (IRS) has released Notice 2020-76, which extends the deadline for furnishing 2020 Forms 1095-B and 1095-C to individuals from January 31, 2021 to March 2, 2021. The Notice also provides penalty relief for good-faith reporting errors and suspends the requirement to... Find out more »
