House Signs Off on Paycheck Protection Fix Offering More Flexibility
The House of Representatives just approved a stand-alone rule that aims to alleviate snags small business leaders face under the Paycheck Protection Program (PPP). Launched by Representatives Chip Roy (R-TX) and Dean Phillips (D-MN), the…
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Detrimental Assumptions Plan Sponsors Make
When it comes to managing an employee benefit plan, even if a plan sponsor commits a very small plan violation, such an incident can result in hefty ERISA penalties. Even failing to file Form 5500…
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Maryland Judiciary Releases Steps to Soon Reopen Courts
Starting October of this year, courtrooms in the state of Maryland are hoping to fully continue lingering legal operations in a phased-in strategy that could take the entire summer. Though many court proceedings have been…
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Mississippi Business Reopen Monday
Governor Tate Reeves of Mississippi announced establishments 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…
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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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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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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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