Who would have guessed that in 2020 the new buzzword would be social-distancing and COVID-19 would drastically alter the sales landscape we live in? The reality is that sales professionals have been...
Read moreKey Provisions The Department of Labor, Internal Revenue Service, and Treasury issued joint regulations on May 4, 2020 that extend a number of employee benefit plan deadlines during the COVID-19 outbreak....
Read moreCARES Act 2020: Paycheck Protection Loans as Funding for Defined Benefit Pension Plans Sponsored by Small Businesses
Apr 16, 2020
UPDATE: On April 24, 2020, President Trump signed the Paycheck Protection Program and Health Care Enhancement Act into law. The new act provides an additional $310B in funding to the Paycheck Protection...
Read moreCARES Act 2020: Coronavirus Aid, Relief, and Economic Security Act Defined Benefit Plan Update
Apr 02, 2020
On Friday, March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). While the legislation applies to several retirement-related provisions, we’ll focus on two key...
Read morePresident Trump signed the Families First Coronavirus Response Act (FFCRA) on March 18, 2020 following its passage by both houses of Congress. FFCRA includes employer mandates for expanded leave requirements under...
Read moreEvery sponsor of a traditional pension plan or a cash balance plan can be impacted by the effects of COVID-19. The impact of plan investment losses and decline in business revenue...
Read moreIRS Issues COVID-19 Guidance
Mar 11, 2020
In response to the rapidly developing Corona virus outbreak, the IRS has issued guidance confirming that COVID-19 testing and treatment will be considered preventive care under high deductible health plans (HDHPs). ...
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