Employee Benefit Plan Implications of the Tax Cuts and Jobs Act

Posted by Katie Faysal on February 28, 2018

Katie Faysal

While the business and individual provisions of the Tax Cuts and Jobs Act (TCJA) are currently the focus of attention for many, those responsible for employee benefit plan administration need to be aware of the TCJA provisions that impact day-to-day employee benefit plan administration. As the TCJA was implemented January 1, 2018, it’s imperative that administrators act now to review plan operations and ensure compliance. Changes to Taxable Wages Several items that were previously excluded from taxable wages are now required to be included in gross wages and subject to taxes. These items include the following: Employee achievement awards …

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Catherine Faysal

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