On March 11, 2021, President Biden signed the American Rescue Plan Act (ARPA). This Client Advisory focuses on the new mandatory and voluntary provisions for employee benefit plans and raises questions about the impact of the...more
3/17/2021
/ American Rescue Plan Act of 2021 ,
Biden Administration ,
COBRA ,
Coronavirus/COVID-19 ,
Covered Employees ,
Dependent Care ,
Employee Benefits ,
Employer Group Health Plans ,
Flexible Savings Accounts (FSAs) ,
Premiums ,
Relief Measures ,
Tax Credits
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
Last week, the Department of Labor and the Department of Treasury issued three pieces of guidance extending certain deadlines as a result of the impacts of the COVID-19 outbreak. These guidelines will impact employee benefit...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
This past period of time has brought much uncertainty to the world as well as to employers with retirement plans that have been impacted by COVID-19. This advisory provides insights and guidance to consider for...more