On January 14, 2025, the U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) announced significant updates to the VFCP. These changes, effective March 17, 2025, introduce a self-correction feature for...more
1/23/2025
/ Benefit Plan Sponsors ,
Department of Labor (DOL) ,
EBSA ,
Employee Benefits ,
Excise Tax ,
Fiduciary Duty ,
Final Rules ,
Internal Revenue Code (IRC) ,
Retirement Plan ,
Self-Correction Programs ,
Voluntary Fiduciary Compliance Program (VFCP)
On February 26, 2021, the Department of Labor, the Treasury Department and Internal Revenue Service issued clarifying guidance regarding COVID-19-related deadline extensions under the Internal Revenue Code, ERISA, COBRA and...more
3/18/2021
/ COBRA ,
Coronavirus/COVID-19 ,
Department of Labor (DOL) ,
Disaster Aid ,
EBSA ,
Employee Retirement Income Security Act (ERISA) ,
Filing Deadlines ,
Health Insurance Portability and Accountability Act (HIPAA) ,
Internal Revenue Code (IRC) ,
IRS ,
Time Extensions ,
U.S. Treasury
On April 29, 2020, the Employee Benefits Security Administration (EBSA), Department of Labor (DOL), Internal Revenue Service, and the Department of the Treasury (the Agencies) issued a final rule (Rule) regarding the...more