Cost of Living Adjustments for 2021
ON OCTOBER 26TH, 2020, THE IRS ANNOUNCED THE COST OF LIVING ADJUSTMENTS AFFECTING THE DOLLAR LIMITATIONS FOR RETIREMENT PLANS. Contributions and benefit increases are intended to allow participant contributions and benefits to keep up with the “cost of...
Electronic Delivery Could Save Billions
On May 21, 2020 The US Department of Labor and Employee Benefits Security Administration (EBSA) announced the publication of a final rule that will allow employers to communicate the required retirement plan disclosures and other plan information electronically. READ...
Understanding the CARES ACT
ON FRIDAY, MARCH 27, 2020, THE CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY ACT (CARES ACT), A MASSIVE RELIEF BILL FOR THOSE SUFFERING AS A RESULT OF THE CORONAVIRUS PANDEMIC < WAS SIGNED INTO LAW. Besides the generalized financial relief afforded to individuals,...
The CARES Act is Enacted into Law
The CARES Act is Enacted into Law: The coronavirus (COVID-19) emergency is presenting unique challenges for employers across the country and their employees. Employers are facing closures of offices and businesses, resulting in employees being laid off/furloughed to...
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