Written for Bolton by Zack Fritz, Sage Policy Group On October 17, 2022, Bloomberg published a story with the headline, “Forecast for US Recession Within Year Hits 100% in Blow to Biden.” Presidential implications aside, it’s now one year later, and there’s still no sign of a recession. In fairness…Continued
The Social Security Administration released the 2024 Social Security Wage Base in October 2023, reflecting a 5.2% increase in the national average wage index. All other retirement-focused 2024 limits are determined using a 3.2% increase, which represents the year over year increase in the average o…Continued
While cancer treatments are being developed at a rapid rate and offering hope to many patients, cancer has become the leading cost driver for funds. This combination poses a challenging problem (and opportunity) for fund leaders: How do we leverage the groundbreaking new innovations in cancer for o…Continued
Written for Bolton by Zack Fritz, Sage Policy GroupThe COVID-19 pandemic caused a sudden and permanent shock to the U.S. labor supply. As many workers opted for an early retirement, the domestic labor force contracted sharply, shrinking more than 5% in the first half 2020. While it reached full rec…Continued
Due December 31, 2023A Gag Clause Prohibition Compliance Attestation (GCPCA) is an attestation of compliance with Internal Revenue Code (Code) section 9824, Employee Retirement Income Security Act (ERISA) section 724, and Public Health Service (PHS) Act section 2799A-9, as added by section 201 of T…Continued
Plan sponsors must provide the annual disclosure notice to Medicare-eligible individuals before Oct. 15, 2023—the start date of the annual enrollment period for Medicare Part D. CMS has provided model disclosure notices for employers to use.This notice is important because Medicare beneficiaries wh…Continued
