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
The Consolidated Appropriations Act, 2021 (the CAA), which was enacted on December 27, 2020, contained a number of significant transparency and disclosure requirements for group health plans. In particular, the CAA requires...more
The Consolidated Appropriations Act, 2021 (the Act), signed by the president on December 27, 2020, provides numerous updates for employee benefit plans. This Client Advisory will focus on the key health and welfare benefit...more
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
The Employee Benefits Group provides updates and guidance for clients with retirement plans. First, the Department of Labor recently issued interim final regulations requiring new information to be included on ERISA-covered...more
9/8/2020
/ 401k ,
403(b) Plans ,
Department of Labor (DOL) ,
Employee Retirement Income Security Act (ERISA) ,
IRA Rollovers ,
IRS ,
Qualified Retirement Plans ,
Retirement Plan ,
Safe Harbors ,
SECURE Act ,
Special Tax
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 DOL has issued long-needed guidance on the electronic delivery of required disclosures and documents for retirement plans, which will be welcome news to retirement plan sponsors...
...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
The IRS recently released Notice 2018-68, providing long-awaited initial guidance on amendments made to Section 162(m) of the Internal Revenue Code by the Tax Cuts and Jobs Act of 2017 (TCJA). While the Notice only addressed...more
In the past, fiduciaries of employee stock ownership plans (ESOPs) and other defined contribution plans that invest in employer stock generally have been able to rely on a special “presumption of prudence” in court when...more
Earlier this year, the IRS issued final regulations implementing the employer shared responsibility provisions (the “Pay-or-Play Mandate”) of the Patient Protection and Affordable Care Act (“PPACA”). We issued a Client...more
On April 4, 2014, the Internal Revenue Service (the “IRS”) issued Notice 2014-19 (the “Notice”), which provides guidance regarding the application to qualified retirement plans of the U.S. Supreme Court’s decision in United...more
4/25/2014