Understanding Employee Benefits


Posts from Nick Bertron

IRS Issues Additional Guidance on Coronavirus-Related Distributions and Plan Loans under CARES Act

By

On Friday, June 19, 2020, the IRS released Notice 2020-50 which provides additional guidance regarding the coronavirus-related distributions (“CRDs”) and coronavirus-related loans and loan repayment delays (“CR Loan Relief”) made available to certain retirement plan participants affected by COVID-19 under the CARES Act. The notice expands, and in some cases... Read More

Topics: Retirement Plans

Multiemployer Pension Reform Likely on the Table in Phase 4 Coronavirus Bill

By |

Since the coronavirus (COVID-19) first emerged as a serious health emergency, Congress has moved quickly to pass three major pieces of legislation designed to address the public economic and health crises caused by the pandemic. According to reports, House Democrats have prioritized multiemployer pension reform in previous negotiations regarding coronavirus... Read More

Topics: Multi-employer Plans, Retirement Plans

CARES Act offers Opportunity for Tax-Free Student Loan Repayment Available until 2020 Year-End

By |

On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), which addresses the public economic and health crisis related to the 2019 novel coronavirus (COVID-19). The CARES Act includes a temporary provision that allows employers to make tax-free student loan payments... Read More

Topics: Compensation Questions, Errors & Omissions Liability, Payroll, Uncategorized, Welfare Plans

IRS Final Regulations Amend Hardship Distribution Rules for 401(k) and 403(b) Plans

By

On September 23, 2019 the Internal Revenue Service (“IRS”) issued final regulations amending the rules for hardship distributions from 401(k) and 403(b) plans (the “Final Regulations”). The Final Regulations modify the hardship requirements to reflect statutory changes and directives introduced by the Bipartisan Budget Act of 2018, the Tax Cuts and... Read More

Topics: Errors & Omissions Liability, Retirement Plans

FINAL HRA REGULATIONS CREATE NEW HEALTH COVERAGE OPTIONS FOR EMPLOYERS AND EMPLOYEES

By

On June 13, 2019 the Department of Health and Human Services, Department of Labor and Department of the Treasury released final regulations that create new healthcare coverage options for employers and employees. https://www.federalregister.gov/documents/2019/06/20/2019-12571/health-reimbursement-arrangements-and-other-account-based-group-health-plans The new coverage options come in the form of two new types of health reimbursement arrangements (“HRAs”),... Read More

Topics: Health Care Reform, Health Plan, Welfare Plans