The IRS issued Notice 2020-46 permitting employers to make deductible cash payments before January 1, 2021 to charitable organizations providing relief to victims of the COVID-19 pandemic in exchange for sick, vacation or personal leave which their employees forgo.
This video offers employers three tips for a successful virtual open enrollment.
Keeping track of what is required and what is optional for flexible spending account plans can get confusing. This chart pulls everything together. When deciding whether you want to allow any of the optional items, keep in mind that you’ll need to work with your third party administrator to..
Plan sponsors now have the option of expanding mid-year election change opportunities, carry-overs and grace periods. When reviewing the options, keep in mind that any change made to your cafeteria plan requires an amendment. Details about the new, temporary rules are provided by our partners at..
The legal team at Foley & Lardner posted an article discussing the need for plan amendments considering changes to COBRA, over-the-counter drugs and other benefit items. Mid-year election changes for cafeteria plans aren’t mentioned, so it is worth noting that if you choose to allow the expanded..
On May 7, 2020, the U.S. Department of Labor (DOL) added five new answers to frequently asked questions (FAQs) to help employers comply with requirements set by the Families First Coronavirus Response Act (FFCRA). The new questions address a variety of topics, including:
On April 30th, Thomson Reuters announced a five-question online tool to help companies of fewer than 500 employees determine eligibility for loan assistance through the Small Business Administration. This tool is free to use, with no registration or email required. When visiting the site, you..
On April 17, the Equal Employment Opportunity Commission (EEOC) released new guidance, primarily focusing on considerations for the Americans With Disabilities Act (ADA) and COVID-19. The guidance includes FAQs about reasonable accommodations, use of protective gear, and undue hardships. This..
Please be aware that as of April 20, 2020 there are now 88 Questions & Answers on the Department of Labor's FFCRA website. Below is the list of the nine newly added questions. Click here to see the full list on the Department of Labor website.
On March 23, our blog included an entry to remind employers that employees losing their daycare arrangement could adjust their contributions to a dependent care account (DCAP). This reminder bears repeating, as new lay-offs and furloughs continue. There is only a 30-day window from the date of..