Shaylor Steele

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DOL and Treasury Provide Relief from Certain ERISA Deadlines for Benefit Plans and Participants

On April 29, 2020, the Department of Labor and the Department of the Treasury (“Treasury”) issued guidance providing relief for employee benefit plans in the context of the COVID-19 pandemic. The guidance includes the...more

5/12/2020 / Benefit Plan Sponsors , COBRA , Coronavirus/COVID-19 , Department of Labor (DOL) , Employee Benefits , Employee Retirement Income Security Act (ERISA) , Relief Measures , Time Extensions , U.S. Treasury

Impact of CARES Act on Retirement Plans

On March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) into law. In addition to providing stimulus to businesses and individuals, the CARES Act makes several changes to...more

4/21/2020 / Benefit Plan Sponsors , CARES Act , Coronavirus/COVID-19 , Relief Measures , Required Minimum Distributions , Retirement Plan

IRS Retirement Plan Guidance Simplifies Pre-Approved Plans and Provides Roadmap for Individually Design Plan Conversion

In Revenue Procedure 2017-41, the IRS makes significant changes to the procedures that it will use in reviewing and approving “pre-approved” retirement plans. The revenue procedure applies to almost all types qualified...more

7/21/2017 / 401k , Benefit Plan Sponsors , Conversion , Defined Contribution Plans , ESOP , IRS , Profit Sharing , Retirement Plan , Revenue Procedures

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