As 2021 winds down, retirement plan sponsors should confirm that their plan documents are amended by December 31, 2021, to comply with certain plan changes:
• Hardship Distributions. 401(k) plans and 403(b) plans must be...more
12/15/2021
/ American Rescue Plan Act of 2021 ,
Benefit Plan Sponsors ,
CARES Act ,
Collective Bargaining Agreements (CBA) ,
Corporate Counsel ,
Deadlines ,
Discretionary Clauses ,
Employee Benefits ,
Hardship Distributions ,
PBGC ,
Retirement Plan ,
SECURE Act ,
Year-End Planning
As discussed in our prior blog post, the American Rescue Plan Act of 2021 (ARP) requires employers that sponsor group health plans to provide a 100% COBRA subsidy for “Assistance Eligible Individuals” during the “Subsidy...more
The American Rescue Plan Act of 2021 (ARPA), which was signed into law by President Biden on March 11, 2021, includes COBRA subsidy provisions that are significant – both for the individuals who will become eligible for COBRA...more
3/16/2021
/ American Rescue Plan Act of 2021 ,
Biden Administration ,
COBRA ,
Coronavirus/COVID-19 ,
Employee Benefits ,
Employer Group Health Plans ,
Employer Liability Issues ,
Health and Welfare Plans ,
Health Insurance ,
New Legislation ,
Notice Requirements ,
Relief Measures