The Consolidated Appropriations Act, 2021 (the Act), signed by the president into law on December 27, 2020, contains various relief provisions applicable to qualified retirement plans. This Client Advisory summarizes...more
IRS issues important guidance, including tax reporting clarification, to retirement plan sponsors and administrators on dealing with coronavirus-related distributions, participant loan repayment deferrals, and required...more
The IRS and Department of Labor have been busy over the last few weeks issuing guidance regarding the impact of COVID-19 on employee benefit plans. This client advisory summarizes this new guidance regarding Model COBRA...more
Employers have raised many questions regarding COVID-19’s impact on health and welfare plans. This advisory contains a summary of recent legislation related to health and welfare plans as well as other important topics,...more
CARES Act makes sweeping changes to the withdrawal and loan provisions of 401(k) and other retirement plans (and IRAs) for individuals needing access to their retirement funds to deal with the financial burdens associated...more