Surety Matters

Our blog covering the latest in bonds and insurance
ERISA 05.29.2020

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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House Signs Off on Paycheck Protection Fix Offering More Flexibility
ERISA 05.29.2020

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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Detrimental Assumptions Plan Sponsors Make
Court Bonds 05.29.2020

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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Maryland Judiciary Releases Steps to Soon Reopen Courts
Contract Surety 05.28.2020

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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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