Labor Days
Upcoming Webinar: NOT NORMAL - The Challenges of a Changed Workplace
[" <\/a>\n JOIN US: TUESDAY, JULY 21, 2020","12:30PM EST<\/h4>\nFour months ago, the Dow was close to 30,000, employment rates were at historic highs, the coronavirus was still “novel,” and millions had not yet taken…
COVID-19 Relief Triggers ERISA Participant Notice Requirements
In response to the COVID-19 outbreak, Congress, the Department of Labor (“DOL”) and the Internal Revenue Service (“IRS”) have each offered temporary relief from certain legal requirements applicable to employee benefit…
IRS Issues Temporary Relief from Physical Presence Requirement for Spousal Consents Under Retirement Plans
On June 3, the Internal Revenue Service (“IRS”) issued Notice 2020-24 providing temporary relief from the physical presence requirement for participant elections that are required to be witnessed by a plan…
DOL Establishes New Electronic Disclosure Safe Harbor for ERISA-Covered Retirement Plans
On May 27, 2020, the Department of Labor published final regulations establishing a new electronic disclosure safe harbor for ERISA-covered retirement plan (but not health and welfare plan) documents. This new safe…
IRS Issues Cafeteria Plan Relief, Providing Employers Significant Discretion
The Internal Revenue Service (“IRS”) recently issued guidance relaxing several cafeteria plan rules to help employees deal with unanticipated COVID-19 expenses. Employers that sponsor cafeteria plans will need to…