2022 Year-End Plan Sponsor To-Do List (Part 2) Annual Cost of Living Adjustments | JD Supra

As tradition dictates, we are pleased to present our year-end plan sponsorship to-do lists. We are releasing our to-do lists in four separate employee benefits updates. Part 1 covered end-of-year health and welfare issues. This part 2 describes the annual increases in the cost of living. Parts 3 and 4 will cover qualified plans and executive compensation issues. Each employee benefits update provides a “To Do” list of items to consider before the end of 2022 or the beginning of 2023.

This year, we are introducing in this bulletin a summary table of penalties, percentages and bonuses under the shared employer responsibility requirements of section 4980H of the Code.

As always, we appreciate your relationship with Snell & Wilmer and hope these “to do” lists can help you focus your efforts over the coming months.

Part 2 – Checklist for Annual Cost of Living Adjustments

* Pending Federal Poverty Level Update

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