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Employee Benefits

ESOP COVID-19 Alert

The ESOP Team at Krieg DeVault knows our clients are experiencing unprecedented challenges and difficulties caused by COVID-19.  In an effort to fully support you during these difficult times, we are committing to provide you with brief, tailored, ESOP-related content in the days, weeks and months…

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IRS to Issue Guidance for High Deductible Health Plans in Light of COVID-19

Today, the IRS published notice of upcoming guidance related to the impact on the qualification of high deductible health plans (“HDHP”) under Section 223(c)(2)(A) of the Internal Revenue Code (the “Code”) with respect to certain 2019 Novel Coronavirus (COVID-19) related testing and treatment…

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IRS Announces Retirement Plan Limitations for 2020

Earlier today the Internal Revenue Service issued Notice 2019-59 announcing the cost-of-living adjustments applicable to pension and retirement plan dollar limitations for tax year 2020.  The elective deferral limit for participants who participate in 401(k), 403(b), 457(b) plans and SARSEPs has…

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