Under the FMLA, an employer is required to continue an employee’s group health plan coverage at active employee rates during the length of the FMLA leave. Therefore, it came as no surprise that the DOL temporary regulations that were released yesterday on the Emergency Paid Sick Leave Act (“EPSLA”) and the Emergency Family Medical Leave ...
The IRS has extended the deadlines for plan sponsors to adopt certain retirement plans as a result of the Coronavirus emergency.
403(b) Plans
In 2013, The IRS initiated a 403(b) program that allows eligible employers to amend or restate their plans retroactively. Plan sponsors could correct defects in their written plan document going back as far ...
Employers want to attract and retain the best talent available. Employers today are cognizant that employees entering the workforce are burdened by mounting student loan debt, and many employers have explored the benefit options available to provide student loan debt relief for their employees. This issue has been percolating for some time
Almost all employers that sponsor a Dependent Care Flexible Spending Account Plan (DC FSA) provide for a run-out period in the plan. A run-out period is the period of time in the following plan year that DC FSA participants can submit reimbursements for expenses incurred in the prior year. Most DC FSA plans run on a calendar year and a very common ...
Earlier today, the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act was passed by the House. Having already passed the Senate, the CARES Act will now go the President, who has stated he will sign it as soon as possible. The Act is far reaching for nearly every aspect of American life and business. This post focuses on the portion of ...
Earlier today, the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act was enacted into law when it was signed by the President. The Act is far reaching for nearly every aspect of American life and business. This post focuses on Sections 2202 and 2203 of the Act which provide relief for participants and plan sponsors of defined ...
The IRS announced special filing and payment relief in response to COVID-19 through Notice 2020-18 that postpones Federal income tax return and payment due dates from April 15, 2020 until July 15, 2020. The IRS recently provided more guidance on this issue in the form of FAQs, and the guidance addresses the following topics related to benefit plans:
Many of us now find ourselves working from our home offices, the kitchen table or maybe even sitting in our cars in the garage to have quiet on a conference call while our kids, spouses, and/or pets are running around the house. Our new normal for the next several weeks is anything but normal for many employers and employees. I have yet to talk to a client ...
The Ohio Department of Health today ordered health insurers to provide leeway to employers and employees to help meet the challenges of the coronavirus with regard to coverage and premium payments. The Order was made pursuant to Governor DeWine’s emergency declaration of March 9, 2020 and will remain in effect until the end of the emergency.
If you have fewer than 500 employees and provide health insurance, you need to read this post. This impacts even those small employers who are not otherwise subject to the FMLA. These new changes apply to all employers with fewer than 500 employees. This means even those companies that have fewer than 50 employees must comply with these new ...