Blog
The information and content contained in this blog are for general informational purposes only, and does not, and is not intended to, constitute legal advice. As always, for specific questions concerning your health or 401(k) plans, please consult your own ERISA attorney or professional advisor.
DOL Updates COBRA Model Notices, Adds Information on Interaction with Medicare
On May 1, 2020, the Department of Labor (DOL)’s Employee Benefits Security Administration (EBSA) revised its model COBRA notices, and accompanying FAQs, to provide information on the interactions between Medicare and the Consolidated Omnibus Budget Reconciliation Act (COBRA). In the
IRS Issues Q&As Under CARES Act on COVID-19 Related 401(k) Plan Distributions and Loans
On May 4, 2020, the Internal Revenue Service (“IRS”) issued Q&As under the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act, providing guidance to 401(k) plan administrators and participants regarding coronavirus-related distributions and enhanced participant loans for covered employees who
Departments Issue Further Guidance Expanding COVID-19 Relief for Health Plans
In response to the COVID-19 pandemic, the Departments of Labor (DOL), Health and Human Services (HHS), and Treasury (collectively, Departments) issued two additional pieces of guidance further expanding COVID-19 related relief to affecting health and retirement plans. The guidance includes:
DOL, IRS, EBSA Issue Guidance Further Expanding COVID-19 Relief for 401(k) Plans
On April 29, 2020, three key governmental agencies issued two separate pieces of official guidance further expanding COVID-19-related relief for 401(k) retirement plans and other employee benefit plans and arrangements. First, the Department of Labor (“DOL”), acting through the Employee