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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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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4 Plan Sponsor Action Plans During COVID-19
As the dynamic ripples of the COVID-19 pandemic continue to sculpt the current marketplace, it is vital for plan sponsors to augment their establishment’s retirement plans for what may lie ahead. Warranting the efficiency of…
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Michigan Offers Guidelines for Construction Sites Re-Opening
Michigan’s just gave the green light to construction, real estate, and other “low-risk” industries to restart business operations starting Thursday, May 7th. Governor Gretchen Whitmer previously suspended these industries on March 23 due to the…
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IRS Answers Common CARES Act Questions
For those who are perplexed about the recent CARES Act legislation, the IRS has some answers for you. The organization laid out 14 common questions and answers to the May 4 Q&As concern Section 2202…
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States Ensure E-Signatures Are Accepted on Vital Surety Bonds During COVID-19 Pandemic
The Surety and Fidelity Association of America (SFAA), its members and partners have called on State Governors, state agencies, localities, school districts and other public entities to request acceptance of the electronic execution and delivery…
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EBSA Gives Filing Relief for ERISA-Related Deadlines
The Employee Benefit Security Administration (EBSA) just launched deadline relief and recommendations related to the current impact of the COVID-19 pandemic, including expanding “good faith” application of electronic delivery. According to the EBSA’s “Disaster Relief…
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COVID-19 Layoffs come with Plan Sponsor PBGC Reporting Obligations
The recent pandemic has forced the hand of numerous establishments across the United States to release employees from their current positions. With over 26 million Americans now filing for unemployment in as little as five…
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