Hi everyone.  Last week, on June 23, 2020, the Department of Labor (DOL), the Department of Health and Human Services (HHS), and the Department of the Treasury (collectively, the Departments) issued new guidance regarding the employee benefits aspects of the Families First Coronavirus Response Act (the FFCRA), the Coronavirus Aid, Relief, and Economic Security Act…

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…