covid-19

IRS Issues Guidance on Funding Relief for Multiemployer DB Plans

The IRS has released Notice 2021-57, providing guidance for multiemployer defined benefit (DB) plans receiving funding relief under the American Rescue Plan Act of 2021.

FuturePlan ERISA Team

COVID-19

Defined Benefit Plan

IRS Guidance

IRS Provides COBRA Coverage Clarifications

The IRS has issued Notice 2021-58, which clarifies the application of extension under the “Joint Notification of Extensions of Certain Timeframes for Employee Benefit Plans, Participants, and Beneficiaries Affected by the COVID-19 Outbreak”.

FuturePlan ERISA Team

COVID-19

Health and Welfare

IRS Guidance

Women’s Retirement Protection Act Re-Introduced

Senator Patty Murray (D-WA) and Representative Lauren Underwood (D-IL) have introduced the Women’s Retirement Protection Act of 2021 in their respective chambers.

FuturePlan ERISA Team

COVID-19

Defined Contribution Plan

DOL

SECURE Act

Relief from Physical Presence Requirement Extended

The IRS again extends temporary relief from physical presence requirement for retirement plan consents.

FuturePlan ERISA Team

Defined Contribution Plan

IRS Guidance

COVID-19

IRS Clarifies Partial Plan Termination During Pandemic

The IRS released a Q&A on the temporary partial plan termination rules for qualified retirement plans in accordance with the Taxpayer Certainty and Disaster Tax Relief Act of 2020.

FuturePlan ERISA Team

COVID-19

Defined Contribution Plan

IRS Guidance

President Signs Amended COVID-19 Relief Legislation

President Biden has signed into law the American Rescue Plan Act one day after the House of Representatives voted to pass the amended package. 

FuturePlan ERISA Team

COVID-19

Defined Benefit Plan

Health and Welfare

Legislative updates

House Passes Amended COVID-19 Relief Bill

Following Senate passage, the House of Representatives has passed the American Rescue Plan Act of 2021 to provide additional relief to address the continued impact of COVID-19. 

FuturePlan ERISA Team

COVID-19

Defined Benefit Plan

Health and Welfare

Legislative updates

Schedule C Tax Filers to Use Gross Income for PPP Loans

The SBA has issued an interim final rule that would allow business owners who file a Schedule C to use gross income in determining payroll costs for PPP loans. 

FuturePlan ERISA Team

COVID-19

Defined Contribution Plan

IRA

Guidance Issued for Health Plans Regarding COVID-19 Services

The Departments of Labor, Health and Human Services, and Treasury have issued “FAQs About Families First Coronavirus Response Act and Coronavirus Aid, Relief, and Economic Security Act Implementation Part 44”. 

FuturePlan ERISA Team

COVID-19

Health and Welfare

DOL

House Passes COVID-19 Relief Bill

The House of Representatives has passed the American Rescue Plan Act of 2021 to provide additional relief to address the continued impact of COVID-19. 

FuturePlan ERISA Team

COVID-19

Defined Benefit Plan

Defined Contribution Plan

Health and Welfare

Legislative updates

No Results