Surety Matters

Our blog covering the latest in bonds and insurance
ERISA 06.01.2020

3 Threes You Need to Know About E-Delivery

With all the events currently transpiring, it’s understandable if you haven’t been keeping up with the Labor Department’s final rule on default electronic disclosure. Launched on May 21st, this rule includes new modifications in response…
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3 Threes You Need to Know About E-Delivery
ERISA 05.29.2020

IRS Issues Additional COVID-19 Relief

On May 28, the IRS issued Notice 2020-35, offering more administrative relief on deadlines applicable to employee benefits, employment taxes and exempt establishments impacted by COVID-19. Per Code Section 7508A, the Internal Revenue Service is…
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IRS Issues Additional COVID-19 Relief
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
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