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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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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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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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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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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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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DOL Relaxes Deadlines for ERISA-Governed Group Health Plans
In step with the U.S. Department of Treasury and the IRS, the U.S. Department of Labor published deadline leeway and direction for ERISA-related group health and welfare plans regulated by the Employee Retirement Income Security…
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Can Employees Who Didn’t Read Benefit Disclosure Still Sue?
A U.S. Supreme Court decision from a few months ago has resulted in a ruling that is potentially helpful for plaintiffs/lawyers to bring ERISA actions. The United States Supreme Court decided in Intel Corp v….
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Western New York Non-Essential Construction to Gradually Resume Tuesday
On May 18, 2020, New York Governor Andrew Cuomo stated Western New York will commence a gradual reopening process to allow non-essential construction, manufacturing, and wholesale trade establishments to resume operations this Tuesday. This rule…
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