The COVID-19 pandemic has forced many employers to make unanticipated changes to their workforce, with many retailers rolling out a combination of furloughs, layoffs, and breaks in service to address changing market demands and shelter-in-place orders. Other retailers, particularly in
Employee Benefits
INSIGHTS AND LEGAL UPDATES ABOUT PRIVATE SECTOR EMPLOYEE BENEFITS AND COMPENSATION PLANS.
The Employee Benefits blog published by Perkins Coie LLP focuses on legal developments and compliance issues related to employee benefits and executive compensation. It covers topics such as group health plans, self-funded health plans, ERISA fiduciary responsibilities, cybersecurity risks for benefit plans, and state-specific regulations like Washington's Equal Pay and Opportunity Act and WA Cares Fund. The blog also addresses contractual considerations for plan sponsors, legislative amendments affecting benefits administration, and emerging legal requirements impacting health plan sponsors. It serves as a resource for employers, plan fiduciaries, and legal professionals navigating the evolving regulatory landscape of employee benefits.
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Summary of Notice 2020-65: Deferral of Employee’s Portion of Social Security Taxes
In response to the ongoing coronavirus (COVID-19) pandemic, the U.S. Congress, the executive branch, and the Internal Revenue Service (IRS) have taken several actions intended to provide immediate relief to taxpayers. In prior updates, we summarized some of the actions…
IRS Notices Provide COVID-19 Relief Covering Section 125 Cafeteria Plans and Flexible Spending Account Benefit Plans
The Internal Revenue Service recently issued a pair of notices to provide relief to participants in and sponsors of Section 125 Cafeteria Plans, health flexible spending account plans, and dependent care assistance programs. IRS Notice 2020-29 provides relief for midyear…
COVID-19 Relief for Employer-Sponsored Benefit Plans: Federal Government Announces Deadline Extensions and Other Short-Term Relief
The U.S. Departments of Labor, Treasury, and Health and Human Services have issued a joint notice that modifies certain benefit plan notice, reporting, and election deadlines imposed by ERISA and the Code. In addition, DOL’s Employee Benefits Security Administration and…
COVID-19: Employee Health Plan Administration Considerations
As federal and state governments respond to COVID-19, employers and plan fiduciaries must also address the evolving issues arising under employer-sponsored health plans. We expand on the following topics in this update:
- HIPAA limitations must be followed; however, the public
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