VCG Consultants

"VCG is very proactive and first and foremost, a consultant."

Chief Financial Officer

Technology Industry

"The level of service VCG provides to our associates is outstanding!"

Director, Benefits

Retail Industry

"VCG is very personal and provides hands-on attention. We have never worked with them and not felt like we were their only client."

Vice President, Human Resources

Metals and Minerals Industry

"We have great confidence in VCG Consultants … Most importantly, we have always received the most amazing customer service."

Human Resources Manager

Software Industry

"VCG fills the gaps for us in areas with which we are not familiar. We never feel sold - always advised."

Vice President, Benefits, Health and Wellness

Manufacturing Industry

Newsletters

Each year, new employee benefit laws, regulations, opinions, and guidance statements are introduced. To help keep you informed of changing requirements, VCG – in partnership with Mazursky Constantine LLC – publishes The HRBenefits Authority, a digital newsletter which provides an easy-to-read summary of relevant new developments. Newsletters from January 2013 forward can be found through the links below.

IRS Authorizes 401(k) Plan Contributions for Student Loan Repayments

In a recent Private Letter Ruling (PLR), the IRS authorized making 401(k) plan contributions to participants who repay their student loans instead of contributing to the plan. The PLR opens the door to new opportunities for employers who: want to … Continue reading

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IRS Provides Guidance on Grandfathered Arrangements Under New Code Section 162(m) Rules

On August 21, 2018, the IRS issued much-anticipated guidance on the changes made to the $1 million deduction limit for compensation paid to certain executive officers under Section 162(m) of the Internal Revenue Code.  This guidance relates to the changes … Continue reading

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DOL Expands Access to Association Health Plans

On June 19, 2018, the Department of Labor (“DOL”) issued final regulations designed to expand small employers’ access to association health plans (“AHP”).  An AHP is a group health plan that is established by a group or association of employers. … Continue reading

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DOL Fiduciary Rule Appears Dead

On June 21, 2018, the Fifth Circuit finally issued its mandate to officially finalize its March 2018, opinion vacating the Department of Labor’s (DOL) “fiduciary rule” regulations.  For more information on the regulations, please see our prior HRBenefitsAuthority, dated April 14, … Continue reading

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California Adopts New Worker Classification Test

Last week, the California Supreme Court adopted the “ABC” test – a test utilized in other jurisdictions – for determining “employee” versus “independent contractor” status in California.  Prior to last week’s decision, California companies utilized a multifactor test, which (along … Continue reading

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DOL Fiduciary Rule on Life Support But Not Dead Yet

On May 7, the Department of Labor (DOL) announced a temporary enforcement policy regarding its “fiduciary rule” regulations in response to the Fifth Circuit decision vacating the regulations.  The fiduciary rule regulations extend ERISA’s fiduciary standards to persons who provide … Continue reading

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Massachusetts Issues Updated Employer Healthcare Penalty Appeal Guidance

The Massachusetts Department of Unemployment Assistance (the “Department”) has issued updated FAQ guidance regarding appeals of Employer Medical Assistance Contribution (“EMAC”) Supplement liability for employers wishing to challenge an employee’s eligibility for subsidized healthcare coverage.  For more information on the EMAC Supplement, … Continue reading

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Timekeeping Traps in Illinois

Beware if you are using biometric readers as part of your timekeeping system in Illinois. Employers in Illinois are facing an increasing number of lawsuits alleging violations of the Illinois Biometric Information Privacy Act (BIPA). The lawsuits primarily challenge employers’ use of … Continue reading

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IRS Changes Family HSA Contribution Limit for 2018…Again

The IRS announced yesterday that employers may treat $6,900 – the contribution limit originally set by the IRS – as the 2018 health savings account (HSA) contribution limit for an individual with family coverage. In other words, employers may disregard … Continue reading

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Massachusetts Begins Assessing New Employer Healthcare Penalties – Employers Have 10 Days to Appeal

Massachusetts Penalty.  In August 2017, Massachusetts enacted a new law that, among other changes, temporarily imposes a penalty on employers of up to $750 per year (5% of an employee’s annual wages up to $15,000) for each non-disabled employee who receives … Continue reading

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