Jacob Mattinson
Subscribe to Jacob Mattinson's PostsJacob M. Mattinson focuses his practice on employee benefits and matters related to 401(k), 403(b), pension, executive compensation, health care reform, and cafeteria and welfare plans. Jacob assists clients in drafting employee benefit plan documents and amendments. He represents clients in matters before the Internal Revenue Service (IRS), US Department of Labor (DOL) and Pension Benefit Guaranty Corporation with respect to plain qualification issues. Read Jacob Mattinson's full bio.
Coverage of COVID-19 Testing and the End of the COVID-19 Emergency
By Jacob Mattinson, Sarah Raaii, Alden Bianchi and Teal Trujillo on Mar 8, 2023
Posted In Employee Benefits, Health and Welfare Plans
A key feature of the COVID-19 National Emergency (NE) and the COVID-19 Public Health Emergency (PHE) was the government’s ability to provide access and coverage of COVID-19 tests. This resulted in overlapping legislation targeted at providing tests to benefit plan participants for free. With the end of the NE and PHE set for May 11,...
Continue Reading
How Employers Need to Prepare for the End of the COVID Public Health Emergency and National Emergency
By Jacob Mattinson, Sarah Raaii, Alden Bianchi and Teal Trujillo on Mar 2, 2023
Posted In Employee Benefits, Health and Welfare Plans
On January 30, 2023, the Biden administration announced its intention to make final extensions of both the COVID-19 National Emergency (NE) and the COVID-19 Public Health Emergency (PHE) through May 11, 2023, at which point both will end. These emergency declarations have been in place for nearly three years and have enabled the government to...
Continue Reading
Webinar Replay: What to Know About SECURE 2.0
By Sarah L. Engle, Jeffrey Holdvogt, Andrew Liazos, Lisa Loesel, Jacob Mattinson and Brian Tiemann on Feb 1, 2023
Posted In Employee Benefits, Fiduciary and Investment Issues, Retirement Plans, SECURE 2.0 Act
What do retirement plan professionals and participants need to know about the recently passed SECURE 2.0 Act of 2022? In this webinar replay, McDermott’s Employee Benefits team discusses the many changes to retirement plans and individual retirement accounts, including the key changes for 401(k), 403(b) and defined benefit plans as well as other changes impacting...
Continue Reading
JOIN US: SECURE 2.0 Takes Second Bite at Retirement Security
By Sarah L. Engle, Jeffrey Holdvogt, Andrew Liazos, Lisa Loesel, Jacob Mattinson and Brian Tiemann on Jan 24, 2023
Posted In Employee Benefits, Fiduciary and Investment Issues, Retirement Plans, SECURE 2.0 Act
Join partners from McDermott’s Employee Benefits team on Wednesday, January 25, 2023, as they discuss the impact of the recently passed SECURE 2.0 Act of 2022. With over 90 changes to retirement plans and individual retirement accounts (IRAs), this webinar will highlight the key changes for 401(k) and 403(b) plans and defined benefit plans, as...
Continue Reading
Prescription Drug Data Reporting: What the “Good Faith Compliance” Extension Really Means for Self-Funded Group Health Plans
By Jacob Mattinson, Sarah Raaii and Alden Bianchi on Jan 11, 2023
Posted In Employee Benefits, Executive Compensation, Health and Welfare Plans, Retirement Plans
We recently reported on an FAQ issued December 23, 2022 (FAQ About Affordable Care Act and Consolidated Appropriations Act, 2021 Implementation Part 56) by the US Departments of Labor, Health and Human Services and the Treasury (collectively, the Departments). The FAQ provides limited, albeit welcome, relief by extending the time for reporting information under the prescription drug data...
Continue Reading
IRS Issues Final Regulations Extending ACA Information Reporting Deadlines, Clarifies Additional ACA Issues
By Jacob Mattinson, Alden Bianchi and Sarah Raaii on Jan 4, 2023
Posted In Employee Benefits, Health and Welfare Plans
The IRS finalized regulations concerning information reporting of health insurance coverage for Code Sections 5000A, 6055 and 6056. The regulations provide an automatic deadline extension for filing ACA forms and an alternate method for providing ACA forms to certain individuals, among other changes. Access the full article.
Continue Reading
DOL Proposes Significant Changes to VFCP Program
By Jennifer Hill, Jacob Mattinson and Patrick Ryan on Dec 22, 2022
Posted In Employee Benefits, Retirement Plans
On November 21, 2022, the US Department of Labor’s (DOL) Employee Benefits Security Administration (EBSA) released a proposed amendment and restatement of the Voluntary Fiduciary Correction Program (VFCP), along with a proposed amendment to the Prohibited Transaction Exemption (PTE) 2002-51. The VFCP allows plan sponsors to voluntarily correct certain fiduciary breaches to avoid civil enforcement...
Continue Reading
Fun For the Whole Family: More ACA Subsidies Apply
By Teal Trujillo and Jacob Mattinson on Nov 9, 2022
Posted In Benefit Controversies, Health and Welfare Plans
On October 11, 2022, the US Department of Treasury (Treasury) and the Internal Revenue Service (IRS) issued final regulations to modify how affordability under the Affordable Care Act (ACA) is determined for an offer of coverage to a family member by an employer-sponsored group health plan, effective for the tax year beginning after December 31,...
Continue Reading
IRS Announces 2023 Employee Benefit Plan Limits
By Jeffrey Holdvogt and Jacob Mattinson on Oct 21, 2022
Posted In Employee Benefits, Employment, Fiduciary and Investment Issues, Retirement Plans
The Internal Revenue Service (IRS) and the Social Security Administration announced the cost-of-living adjustments to the applicable dollar limits on various employer-sponsored retirement and welfare plans and the Social Security wage base for 2023. The table below compares the applicable dollar limits for certain employee benefit programs and the Social Security wage base for 2022...
Continue Reading
IRS Announces Cost-of-Living Adjustments for Health and Welfare Plans
By Jacob Mattinson and Jeffrey Holdvogt on Oct 19, 2022
Posted In Employee Benefits, Fiduciary and Investment Issues, Health and Welfare Plans
On October 18, 2022, the Internal Revenue Service (IRS) announced cost-of-living adjustments to the applicable dollar limits for certain account-based health and welfare plans (see Rev. Proc. 2022-38). The maximum salary reduction limit for a health flexible spending account (Health FSA) increased to $3,050 for 2023 (from $2,850 in 2022), and the Health FSA carryover...
Continue Reading
