Surety Matters

Our blog covering the latest in bonds and insurance
Contract Surety 05.28.2020

Mississippi Business Reopen Monday

Governor Tate Reeves of Mississippi can start business as usual as of Monday, provided they obey strict safety guidelines to slow the spread of the COVID-19 virus. The governor indicated that as of that time,…
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Mississippi Business Reopen Monday
Court Bonds 05.26.2020

Courts Soon to Reopen from COVID-19 Restrictions

Courtrooms across the country are inching closer and closer towards opening their doors as coronavirus restrictions begin to be lifted. Places like Southern California, whose courthouse maneuvers have been paused to slow the spread of…
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Courts Soon to Reopen from COVID-19 Restrictions
Contract Surety 05.26.2020

NYC School Construction to Resume After Receiving Stimulus Funds

With faculty and students diligently and safely continuing to work from their homes and slow the spread of the COVID-19 virus, the CEO and president of New York City’s School Construction Authority believes it is…
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NYC School Construction to Resume After Receiving Stimulus Funds
ERISA 05.22.2020

Three Helpful Considerations for Plan Fiduciaries During COVID-19

ERISA fiduciaries are steadily fine-tuning their decision-making processes in the face of the coronavirus epidemic. Any fiduciary decisions executed during this tumorous period may be particularly ripe for dispute by plan participants or regulators. To…
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Three Helpful Considerations for Plan Fiduciaries During COVID-19
ERISA 05.22.2020

Eleventh Circuit Releases Long-Awaited Decision on ERISA Sanctions

The Eleventh Circuit just confirmed their outlook on the Employee Retirement Income Security Act of 1974, or ERISA. The new decision in Williamson v. Travelport, LP 953 F. 3d 1278 (11th Cir. 2020), illuminated the latitude…
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Eleventh Circuit Releases Long-Awaited Decision on ERISA Sanctions
ERISA 05.21.2020

IRS Publishes 2021 Amounts for HSA Limits

The Internal Revenue Service just announced next year’s inflation-adjusted quantities of health saving accounts. In Rev. Proc. 2020-32, the IRS states that the annual limitation on deductions under Code Section 223(b)(2)(A) for a person with…
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IRS Publishes 2021 Amounts for HSA Limits
ERISA 05.21.2020

Department of Labor Unveils Novel Safe Harbor for E-Delivery

As numerous Americans continue to work remotely during the start of the summer, the Labor Department has introduced a brand new safe harbor for electronic disclosures. The final rule initiated is congruent to the rule…
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Department of Labor Unveils Novel Safe Harbor for E-Delivery
ERISA 05.20.2020

ARA Endorses Interim Amendment Process Improvements for Pre-Approved Plans

In a May 11th letter to the Director of the IRS Office of Employee Plans, the American Retirement Association suggested enhancements in the interim amendment process for pre-approved plan documents. The ARA indicates that the…
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ARA Endorses Interim Amendment Process Improvements for Pre-Approved Plans
Contract Surety 05.20.2020

Massachusetts Construction and Manufacturing Businesses Reopen Monday

Governor Charlie Baker of Massachusetts has unveiled his reopening plan, allowing construction and manufacturing industries, along with places of worship, to open on May 18 as long as these businesses comply with mandatory social-distancing guidelines….
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Massachusetts Construction and Manufacturing Businesses Reopen Monday