McGregor & Associates, Inc.

09/01/2026

For Applicable Large Employers, ACA compliance runs all year long. Right now is a smart time to confirm your coverage meets minimum value and affordability standards, verify full-time employee counts, and make sure 1094 and 1095 data is being tracked accurately. Catching issues today prevents painful corrections in January. McGregor's ACA team is here to keep your reporting on track!

08/13/2026

08/13/2026

If your family is enrolled in a qualifying HDHP, the 2026 HSA contribution limit for family coverage is $8,550. Both spouses may contribute to separate HSAs, but the combined total across both accounts cannot exceed the family limit. This is an often-misunderstood rule that can lead to excess contribution penalties. Learn more here.
https://dpath.com/hsa-excess-contributions/

08/10/2026

Section 125 Cafeteria Plan elections are generally irrevocable for the plan year, but certain qualifying life events can open a mid-year change window: marriage, divorce, birth or adoption of a child, a change in employment status, or a significant shift in coverage, among others. Employers must properly document these changes to preserve the plan's tax-favored status. Need help? Call McGregor & Associates.
https://www.irs.gov/pub/irs-pdf/p15b.pdf

08/07/2026

The summer months are a good time to schedule dental appointments for the whole family. Cleanings, X-rays, fillings, crowns, and orthodontia are all qualified expenses for FSAs (and HSAs, too). Check your available account balance today and get those appointments on the calendar!
https://mcgregoreba.com/wp-content/uploads/2023/11/fsa_hra_hsa-eligible-ineligible-fact-sheet-.pdf

08/04/2026

Every ERISA-covered benefit plan must distribute a Summary Plan Description (SPD) to all plan participants. New enrollees must receive the SPD within 90 days of becoming covered. Updated SPDs must be distributed every 5 years if changes have been made (or every 10 years if unchanged). Failing to comply can lead to significant DOL penalties. Contact us for straightforward ERISA guidance.
https://www.dol.gov/agencies/ebsa/about-ebsa/our-activities/resource-center/publications/reporting-and-disclosure-guide-for-employee-benefit-plans

07/30/2026

A Profit Sharing Plan gives employers the flexibility to make retirement contributions when business is strong and reduce them when it isn't. Contributions are fully discretionary, making this one of the most adaptable retirement plan designs available. McGregor & Associates provides complete plan design, recordkeeping, and compliance services for profit-sharing plans.
https://www.irs.gov/retirement-plans/choosing-a-retirement-plan-profit-sharing-plan

07/28/2026

Summer is a great time to schedule an eye exam and update your prescription, and your FSA can cover all of it! Eye exams, prescription eyeglasses and sunglasses, contact lenses and solution, and even LASIK surgery are qualified FSA expenses. Don't let your FSA balance sit idle. Visit your eye doctor this summer and put your pre-tax dollars to work on your vision health.
https://fsastore.com/fsa-eligibility-list

07/21/2026

To contribute to an HSA, employees must be enrolled in a qualifying High Deductible Health Plan. In 2026, qualifying HDHPs have a deductible of $1,650 or higher for self-only coverage ($3,300 for family coverage) and an out-of-pocket maximum of at least $8,300 (or $16,600). HDHPs paired with HSAs are a proven strategy for tax savings and long-term healthcare funding. We can help you structure an effective plan for your workforce.
https://www.irs.gov/publications/p969