Employers considering reducing employee work hours or placing employees on unpaid leaves of absence must follow the requirements of the Affordable Care Act when determining whether an employee is full time for the purposes of...more
The Coronavirus Aid, Relief, and Economic Security Act contains several forms of relief for plan sponsors and participants in employee benefit plans, as well a few additional plan obligations. Significant items in the CARES...more
In light of the current COVID-19 health care crisis, employers are considering numerous options in the face of closed businesses and reduced income. These considerations include reducing employee work hours, furloughing...more
3/25/2020
/ Benefit Plan Sponsors ,
Business Interruption ,
COBRA ,
Coronavirus/COVID-19 ,
Employee Benefits ,
Employer Group Health Plans ,
Furloughs ,
Health Insurance ,
Health Plan Sponsors ,
Hiring & Firing ,
Layoffs ,
Leave of Absence ,
Life Insurance ,
Qualified Benefit Plans ,
Retirement Plan ,
Termination
Abbott Laboratories gets a limited thumbs-up from the IRS.
Plan sponsors may recall that Abbott Laboratories announced its Freedom 2 Save program last June. The program is designed to encourage employees to pay off their...more
We now have a split in the circuits.
Last week, a panel of the U.S. Court of Appeals for the Fifth Circuit vacated in its entirety the U.S. Department of Labor's Fiduciary Rule, only two days after the Tenth Circuit had...more