Compliance ✔- Benefit Plan Deadline Extensions During “Outbreak Period”
New COVID-19 relief has been provided in the form of an extension of certain ERISA and Internal Revenue Code deadlines related to employee benefit plans. Specifically, per EBSA Disaster Relief Notice 2020-01, the “Outbreak Period” is disregarded for purposes of...
Compliance ✔- Relief for Health and Welfare Plans
The federal government provided COVID-19-related relief for health and welfare plans through various guidance. Most recently, the IRS issued Notice 2020-23 to extend the deadline for certain tax filings and payments. This accommodation applies to Form 5500s for health...
The CARES Act Paycheck Protection Program Update
The Department of the Treasury (Treasury) and the Small Business Administration (SBA) issued frequently asked questions (FAQs) on the Paycheck Protection Program (PPP) established under the Coronavirus Aid, Relief and Economic Security Act (CARES Act). The PPP...
Compliance ✔- Unemployment Benefits: Alabama and CARES Act
Congress passed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) which became law on March 27, 2020. This third phase Congressional response to COVID-19 expands unemployment benefits provided by states. Highlights include an additional $600 weekly...