One year ago today, you couldn’t have found a face mask in my house. Today, we have an entire drawer in our kitchen dedicated to masks. And while the amount I have spent on gas and entertainment is down considerably year over year, I have spent my fair share on Etsy and other sites on superhero masks for my 5 and 7 year old (whatever it takes to get them to ...
The American Rescue Plan Act (“ARPA”) will affect benefit plans in multiple ways. In addition to the COBRA subsidy (discussed here), employers with a qualified dependent care assistance program (“DCAP”) now have the ability to increase the DCAP flexible spending limit. Employers interested in providing this benefit to employees ...
Earlier today, Congress passed the American Rescue Plan Act (“ARPA”). The bill will now go to President Biden for signature. Under ARPA, eligible COBRA enrollees will be able to receive a 100% subsidy for their COBRA premiums. The subsidy will be provided by the federal government via payroll tax credits for employers. The House had ...
As part of the release of the 2021 annual adjustment to the civil monetary penalties, the DOL has provided benefit plans with the ever important reminder of the severity of the penalties that can be assessed for failing to file Form 5500. Effective for penalties assessed after January 15, 2021, the DOL per day penalty for failure to properly file an ...