What The HEART Act Means To Employers

Law360, New York (June 12, 2008, 12:00 AM EDT) -- A law recently signed by President Bush directly affects employers and the families of military personnel who die or are disabled during service.

The Heroes Earnings and Assistance and Relief Act of 2008 (Heroes Act or HEART Act) impacts benefits under 401(k) plans. In addition, Health Flexible Spending Accounts (FSA), group health plans, and cafeteria plans may also be impacted by some changes brought about by the Heroes Act.

Death Or Disability During Qualified Military Service

The Heroes Act requires that 401(k) and other qualified retirement...
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