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DOL confirms cybersecurity guidance applies to health and welfare plans

On Friday, September 6, 2024, the U.S. Department of Labor confirmed that its cybersecurity guidance applies to all employee benefit plans, including health and welfare plans. In 2021, the DOL issued guidance providing best...more

New guidance answers questions for retirement plan sponsors

In late December 2023, the Internal Revenue Service provided additional guidance in the form of questions and answers (“Q&As”) with respect to certain key qualified retirement plan provisions of the Consolidated...more

New DOL guidance on cybersecurity

Today, the U.S. Department of Labor announced new guidance for plan sponsors, plan fiduciaries, recordkeepers and plan participants on best practices for maintaining cybersecurity, including tips on how to protect retirement...more

Immediate employer action required as DOL issues guidance, model notices on COBRA subsidy program

Just yesterday, the U.S. Department of Labor issued a series of frequently asked questions regarding the COBRA provisions of the American Rescue Plan of 2021 (ARP) — along with four model COBRA notices. The FAQs clarify a...more

New IRS guidance provides even more flexibility for cafeteria plans, FSAs, and DCAPs

You might recall that in December 2020, Congress passed the year-end funding bill known as the Consolidated Appropriations Act, 2021 (CAA), which contained provisions that provide significant flexibility for flexible spending...more

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