New Proposed Cafeteria Plan Regulations Modernize Cafeteria Plan Concepts
Author: Ann-Mary Petroskey.
Source: Volume 21, Number 03, January/February 2008 , pp.21-29(9)

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Abstract:
The IRS has now completed the first phase of its overhaul of proposed cafeteria plan regulations originally published in 1984 and 1989, issuing new proposed regulations in a significantly updated and expanded form. To conform to these new proposed regulations, employers and third-party administrators should review and possibly amend written plan documents and administrative practices, including election procedures and nondiscrimination testing.Keywords: 2007 Prop. Reg. 1.125-1(a)(1); REG-142695-05, 72 Fed. Reg. at 43939;
Affiliations:
1: Smith Haughey Rice & Roegge.