On April 14, 2021, the Department of Labor’s (DOL) Employee Benefits Security Administration issued guidance on cybersecurity for the first time to help plan sponsors, fiduciaries, service providers, and participants protect...more
On March 11, 2021, President Biden signed the American Rescue Plan Act of 2021 (the “ARPA”) into law. Many of the provisions in this sweeping legislation bring changes to the employee benefits world of which employers should...more
4/1/2021
/ American Rescue Plan Act of 2021 ,
COBRA ,
Compensation & Benefits ,
Employee Benefits ,
Health Insurance ,
Multiemployer Plan ,
New Legislation ,
Regulatory Reform ,
Retirement Plan ,
Section 162(m) ,
Tax Credits
The Department of Labor has issued final regulations that will enable employers to electronically provide required information and documents to more plan participants. Although employers have been able to electronically...more
On May 4, 2020, the IRS provided guidance on coronavirus-related distributions (“CRDs”) and coronavirus-related loans and loan payment delays (“CR Loan Provisions”) in the form of FAQs....more
On March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), which addresses the public economic and health crisis related to the 2019 novel coronavirus (COVID-19)....more
3/31/2020
/ CARES Act ,
Coronavirus/COVID-19 ,
Corporate Counsel ,
Distribution Rules ,
Employee Benefits ,
Financial Stimulus ,
Pensions ,
Relief Measures ,
Required Minimum Distributions ,
Retirement Plan ,
Waivers
On December 19, 2019, the President signed the SECURE Act. SECURE includes, among other things, provisions that are intended to make retirement plans more accessible, especially to smaller employers, address changing...more
1/6/2020
/ 401k ,
Compensation & Benefits ,
Defined Benefit Plans ,
Employee Benefits ,
Form 5500 ,
Individual Retirement Account (IRA) ,
Multiple Employer Plan (MEP) ,
New Legislation ,
Non-Discrimination Rules ,
Notice Requirements ,
Regulatory Requirements ,
Reporting Requirements ,
Required Minimum Distributions ,
Retirement ,
Retirement Plan ,
Safe Harbors ,
SECURE Act ,
Tax Deferral ,
Tax Planning ,
Tax Rates
Participants and beneficiaries are sometimes slow to cash qualified retirement plan distribution checks, especially when the checks are relatively small. This may result in the check being cashed in a year after the year the...more
Employers sponsoring 403(b) plans should be aware that we are nearing the deadline for adopting a pre-approved 403(b) plan that provides relief for any documentary noncompliance back to January 1, 2010 (or, if later, the...more
The IRS has issued guidance (Rev. Proc. 2019-20) expanding the determination letter program for certain individually designed plans. ...more
As mentioned in our recent blog, the date for complying with the new disability claims procedures (April 2, 2018) is rapidly approaching. In addition to making sure disability plans comply with the new rules, employers...more