Firm Wire items are announcements made by the firms themselves. The desk confirms that the announcement was published and reproduces its factual content. It does not verify the claims in it, and publication is not an endorsement.
Foley says it published an analysis of proposed dependent-care testing rules
Foley said it published an analysis of proposed IRS rules for dependent-care assistance program nondiscrimination testing. The firm said its article examines how a participant-only calculation could affect employers’ plan design, contribution limits and highly compensated employee elections, and that it offers a checklist for reviewing testing and administration.
Key points
- Foley identifies Amy Ciepluch and Iris Minot as the authors.Foley
- The firm’s article discusses a proposed numerical eligibility safe harbor.Foley
- Foley’s analysis considers a correction mechanism after the end of a plan year.Foley
- The firm’s publication recommends reviewing plan documents and employee communications.Foley