As we approach our third new year since the first reported cases of COVID-19, related relief may seem like old news. Although much of the government-sponsored pandemic relief has expired, there are aspects that remain germane...more
The Coronavirus Aid, Relief, and Economic Security Act (the ‘‘CARES Act’’) allows qualified retirement plans to permit participants affected by COVID-19 to (1) withdraw up to $100,000 from their eligible retirement plan...more
Originally posted on March 27, 2020. This post has been updated to reflect guidance published by the Internal Revenue Service (IRS) on May 4, 202...more
The Employee Benefits Security Administration (EBSA) of the Department of Labor (DOL) and the Department of Treasury and Internal Revenue Service (IRS) issued a notification of relief, effective immediately, that extends...more
The Coronavirus Aid, Relief, and Economic Security Act (the CARES Act) signed into law on March 27 by President Trump provides some welcome funding relief for employers who sponsor single-employer defined benefit pension...more
Congress has enacted the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”), the third major federal piece of legislation responding to the COVID-19 pandemic. The CARES Act follows the enactment of the...more
4/3/2020
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CARES Act ,
Coronavirus/COVID-19 ,
Employee Benefits ,
Employer Group Health Plans ,
Families First Coronavirus Response Act (FFCRA) ,
Financial Stimulus ,
Health Insurance ,
Health Savings Accounts ,
New Rules ,
Relief Measures ,
Student Loans
The Coronavirus Aid, Relief, and Economic Security Act (the ‘‘CARES Act’’) was passed into law March 27, 2020. The CARES Act provides a temporary waiver of required minimum distribution (“RMD”) rules for certain retirement...more