DOL EBSA Issues COVID-19 Guidance and Relief
Friday, June, 26, 2020
The DOL Employee Benefit Plan Security Administration (EBSA) issued Disaster Relief Notice 2020-01; Guidance and Relief for Employee Benefit Plans Due to the COVID-19 (Novel Coronavirus) Outbreak which extends the deadlines for furnishing certain required notices or disclosures to plan participants, beneficiaries, and other persons so that plan fiduciaries and plan sponsors have additional time
- Published in Employee Benefit Plans, Forms and Procedures, News and Press Releases
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IRS Provides Guidance on Waiver of 2020 Required Minimum Distributions
Friday, June, 26, 2020
IRS Notice 2020–51, Guidance on Waiver of 2020 Required Minimum Distributions, provides guidance relating to the waiver of 2020 required minimum distributions (RMDs) under the CARES Act. In particular, the notice: permits rollovers of waived RMDs and certain related payments includes an extension of the 60-day rollover period for certain distributions to August 31, 2020
IRS Expands Access to COVID-19 Related Plan Distributions and Loans
Friday, June, 26, 2020
The Internal Revenue Service (IRS) Notice 2020-50, Guidance for Coronavirus-Related Distributions and Loans from Retirement Plans Under the CARES Act, expands access to COVID-19 related plan distributions and plan loans for qualified participants under the CARES Act by expanding the categories of individuals eligible for these types of distributions and loans (referred to as “qualified
Pandemic Considerations for EBP Financial Statements
Wednesday, June, 17, 2020
Recently, our own Dave Torrillo, along with Gwen Stoute of Hogan Taylor and Lisa Todd of Moss Adams, was interviewed for an article written by Ken Tysiac editotial director of the Journal of Accountancy, “Pandemic considerations for EBP financial statements.” Read More
- Published in Employee Benefit Plans, News and Press Releases