Key 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....
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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...
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CARES 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...
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President 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...
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Every 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...
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IRS 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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Setting up your HSA Contributions
Feb 10, 2020
If you have a high deductible health plan, chances are you also considered a Health Savings Account (HSA) to help pay for out-of-pocket healthcare costs. Open enrollment has come and gone,...
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On December 20, as part of the Further Consolidated Appropriations Act, President Trump signed the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act) into law. It is...
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DC Provisions of the Secure Act
Jan 14, 2020
On December 19th, President Trump signed the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act) into law. This act aims to bolster retirement security with numerous provisions....
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VEBA/HRAs are a valuable, fully tax-sheltered vehicle through which employees can be reimbursed for eligible medical expenses. The cost of administering both the VEBA Trust and claims reimbursement can be incurred...
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