April 02, 2020 The Coronavirus Aid, Relief and Economic Security Act (CARES Act) became law on March 27, 2020 to address many issues in our country caused by the coronavirus. This article addresses issues that employers who sponsor retirement plans must address quickly. Click here to read the article.
April 2, 2020 All 403(b) retirement plans are yet another area impacted by COVID-19. These retirement plans (sponsored by nonprofits and governmental entities) were required by the Internal Revenue Service (IRS) to completely restate their plans by March 31, 2020 to reflect changes in the law since 2010 in order to receive retroactive relief back … Read more Extension to Amend and Restate 403(b) Retirement Plans
April 8, 2020 COVID-19 has shaken up the benefits world in a big way – new laws, new issues. One issue that has been around for a long time, but isn’t often on the front page, is the partial termination of a retirement plan. However, difficult financial times bring this issue to the forefront when … Read more What Do Layoffs, Terminations and Plant Closings Mean for your Employer Retirement Plan?
April 17, 2020 The Center for Medicare and Medicaid Services, the Department of Labor and the Department of Treasury issued joint guidance this week that will be helpful to employers that sponsor group health plans and insurers that provide health insurance coverage or provide third party administration services to group health plans. To continue reading, … Read more COVID-19 Changes to Health Insurance
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