Hi everyone. I hope all of you are doing well. I want to pass along some quick information on a new IRS notice (Notice 2020-50) that was issued last Friday, which provides additional guidance regarding the CARES Act. You can find the notice here: https://www.irs.gov/pub/irs-drop/n-20-50.pdf. There are lots of helpful details in the notice, but…

Good morning everyone. I hope all of you are doing well, and that your business is hanging in there. This morning the Department of Labor issued their final rule creating a new, additional method for plan administrators to use to deliver certain benefit plan documents to participants and beneficiaries electronically. I am still studying the…

Good morning everyone. Yesterday, various government agencies released a number of new documents that impact – right now – the administration of benefit plans including: Final regulations (U.S. Treasury Department and the Internal Revenue Service) – extending certain deadlines including (a) HIPAA special enrollment periods – e.g., deadline for a participant to add a new…

Hi everyone. Thank you again for participating in our calls the past few weeks. I am very grateful to each of you. New Retirement Plan Rule Coming Very Soon. I understand that final regulations expanding electronic disclosure for retirement plans have been sent to the White House Office of Management and Budget, which is typically…