IRS Increases Flexibility for Mid-Year Elections
On May 12, 2020, in response to COVID-19, the IRS provided increased flexibility in regard to mid-year elections under a Section 125 cafeteria plan during the 2020 calendar year (Notice 2020-29).
IRS and DOL Updates to COBRA
The Department of the Treasury and Department of Labor issued joint rules and EBSA Disaster Relief Notice 2020-01, announcing extensions on certain time frames with federal COBRA and reimbursement plans like FSAs and HRAs.
Dallas County Mandates Face Coverings
On April 16, 2020, Judge Clay Jenkins issued an amended order which impacts all Essential Businesses in Dallas County. Effective 11:59 pm on April 17, all employees of Essential Businesses will be required to wear face coverings for the duration of their shifts.
How Does the CARES Act Impact 401(k) Plans?
With the recent passing of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, there are sure to be a lot of questions in what this means for your organization. One area the CARES Act specifically addresses is around retirement plans. We’ve compiled a few FAQs below to help you understand these provisions and determine next steps.
FFCRA FAQs
As you know, the Family First Coronavirus Response Act (FFCRA) goes into effect on April 1st, a week from today. After speaking with our clients and gathering resources from several legal and government outlets, we’ve put together a list of Frequently Asked Questions that you may find helpful in navigating the impact of COVID-19 and FFCRA.