Payroll Tax Relief Under CARES Act, FFCRA, and Executive Order -
While the Coronavirus Aid, Relief, and Economic Security (CARES) Act permitted employers to defer depositing the portion of the FICA taxes the employer pays...more
8/12/2020
/ 401k ,
Affordable Care Act ,
Benefit Plan Sponsors ,
CARES Act ,
Contraceptive Coverage Mandate ,
Defined Benefit Plans ,
Employee Benefits ,
Employee Contributions ,
Employer Group Health Plans ,
Employment Tax ,
Executive Orders ,
Families First Coronavirus Response Act (FFCRA) ,
FICA Taxes ,
Health Plan Sponsors ,
IRA Rollovers ,
IRS ,
Medical Leave ,
Payroll Taxes ,
Pension Funds ,
Pensions ,
Retirement Plan ,
Safe Harbors ,
Sick Leave ,
Tax Relief ,
Wage and Hour
The Coronavirus Aid, Relief And Economic Security (CARES) Act and the Setting Every Community Up for Retirement Enhancement (SECURE) Act both made changes to required minimum distribution rules. The SECURE Act changes the age...more
6/26/2020
/ Benefit Plan Sponsors ,
CARES Act ,
Coronavirus/COVID-19 ,
Employee Benefits ,
Employer Group Health Plans ,
Families First Coronavirus Response Act (FFCRA) ,
New Guidance ,
Public Health ,
Relief Measures ,
Required Minimum Distributions ,
Retirement ,
Retirement Funds ,
Retirement Plan ,
SECURE Act ,
Self-Insured Health Plans ,
Wellness Programs
After the CARES Act was enacted, plan administrators had questions regarding how to determine if a participant is eligible to receive a Coronavirus distribution, Coronavirus loan, or delay of loan payments because a...more
6/23/2020
/ 401k ,
Benefit Plan Sponsors ,
CARES Act ,
Coronavirus/COVID-19 ,
Deferred Compensation ,
Eligibility ,
Employee Benefits ,
Furloughs ,
Hardship Distributions ,
IRS ,
Layoffs ,
Pensions ,
Relief Measures ,
Retirement Plan
As employers start to think about asking their employees to return to work, in addition to all of the employment law issues, there are also employee benefit plan considerations. Employers need to consider all their benefit...more
5/14/2020
/ Benefit Plan Sponsors ,
CARES Act ,
COBRA ,
Coronavirus/COVID-19 ,
Deadlines ,
EBSA ,
Employee Benefits ,
Flexible Spending Accounts ,
HDHP ,
Health Savings Accounts ,
IRS ,
Relief Measures ,
Tax Deductions ,
Telehealth
On Friday, March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) passed the Senate and House and was signed into law. In addition to spending $2 trillion to support individuals and...more
3/31/2020
/ Benefit Plan Sponsors ,
CARES Act ,
Coronavirus/COVID-19 ,
Department of Labor (DOL) ,
Employee Benefits ,
Employee Retention ,
Employee Retirement Income Security Act (ERISA) ,
Executive Compensation ,
Families First Coronavirus Response Act (FFCRA) ,
HDHP ,
Health Plan Sponsors ,
HIPAA Privacy Rule ,
Medical Testing ,
Pensions ,
Required Minimum Distributions ,
Retirement Plan ,
Student Loans ,
Tax Credits