The One Big Beautiful Bill Act created a new tax-advantaged savings vehicle called a Trump Account (TA), which is a new type of traditional individual retirement account (IRA) established by authorized individuals for the benefit of eligible children. These TAs are intended to encourage children to start saving and investing at an early age. Contributions to TAs were allowable starting July 4, 2026, and can be made by anyone, including parents/guardians, grandparents, philant

The IRS has issued proposed regulations addressing the Internal Revenue Code Section 129 nondiscrimination requirements for dependent care assistance programs (DCAPs), including dependent care flexible spending accounts (FSAs). In general, eligibility to participate in DCAPs and contributions and benefits under DCAPs must not discriminate in favor of highly compensated employees (HCEs) or their dependents. This requirement is generally satisfied if the DCAP eligibility classi

New Jersey has enacted an updated newborn coverage mandate that extends the period of automatic newborn coverage from 60 days to 90 days under certain health plans. This change reflects New Jersey’s continued effort to expand dependent eligibility protections—but its applicability varies significantly based on funding arrangement. Here’s what you need to know: What This Means for Fully Insured Plans For fully insured plans in New Jersey issued or renewed on or after March 8,

The One Big Beautiful Bill Act created a new tax-advantaged vehicle called a Trump Account (TA), which is a new type of traditional individual retirement account (IRA) established by authorized individuals for the benefit of eligible children. These TAs are intended to encourage children to start saving and investing at an early age. Contributions to TAs may start July 4, 2026, and can be made by anyone, including parents/guardians, grandparents, philanthropic contributors a

Last week the Biden administration issued guidance (FAQ 44) removing barriers to COVID-19 diagnostic testing and vaccinations and...