ebsa disaster relief notice 2020-01

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EBSA DISASTER RELIEF NOTICE 2020-01: COBRA UPDATES EBSA Disaster Relief Notice 2020-01 announced that the deadlines for providing the COBRA Election Notice the COBRA Election Period and the Payment of COBRA Premiums have all been extended In addition the deadline for notifying the Plan Administrator of a COBRA Qualifying Event or Disability Determination is extended Note: The Disaster Relief Notice 2020-01 issued by EBSA on April 29 2020 Notification of Relief and Extension of Timeframes (NRET) jointly issued by EBSA and IRS on April 29 and effective May 4 2020 (NRET) Notice 2020-29 issued by IRS on May 12 2020 Notice 2020-33 also issued by IRS on May 12 2020 To learn more about the guidance listen to replays of Alight's webinars where our experts

DOL Filing Deadlines Fiduciary Relief for Retirement

This disaster relief guidance was published on April 28 2020 in Notice 2020-01 (Notice) Share this page Notice extensions The DOL has extended deadlines for certain notices disclosures and other documents under Title I of ERISA The plan and its fiduciaries will not violate ERISA for failing to provide a covered document due during the period that began on March 1 2020 when a National

EBSA Disaster Relief Notice 2020-01 – Guidance and Relief for Employee Benefit Plans Due to the COVID-19 (Novel Coronavirus) Outbreak Final Rules – Extension of Certain Timeframes for Employee Benefit Plans Participants and Beneficiaries Affected by the COVID-10 Outbreak COVID-19 FAQs for Participants and Beneficiaries IRS Notice 2020-23 Regarding Additional Relief for Taxpayers

On April 29 2020 the Employee Benefit Security Administration ("EBSA") of the Department of Labor ("DOL") issued Disaster Relief Notice 2020-01 ("Notice 2020-01") in response to the COVID-19 outbreak which was declared a national emergency by Presidential proclamation on March 13 2020 (the "National Emergency")

and Human Services released EBSA Disaster Relief Notice 2020-01 This guidance announces the department's authority to extend certain deadlines affecting COBRA continuation coverage as well as employee benefit plan deadlines for providing various notices disclosures and documents due to plan participants and beneficiaries during the Outbreak Period The Outbreak Period is the period from

Notice 2020-1 also separately provides relief from the advance notice of a blackout period which occurs when a participant's right to direct investments or obtain loans or other distributions from the plan is temporarily suspended limited or restricted The guidance exempts a plan administrator who is unable to provide timely notice of the blackout period from having to make a written

Agencies Extend Deadline to Pay COBRA Premiums and

DOL Relief for Group Health Plans and Disability and Other Welfare Plans EBSA Disaster Relief Notice 2020-01 eases the burden for group health plans disability plans and pension plans to provide notices and disclosures required under ERISA and Internal Revenue Code of 1986 (the "Code") by clarifying among other things that:

EBSA Disaster Relief Notice 2020-01 - Guidance Relief for Employee Benefit Plans Due to COVID-19 COVID-19 GUIDANCE UNDER 125 CAFETERIA PLANS AND HDHPs Additional Resources Stay up to date on the COVID-19 Pandemic Visit the following sites for more information World Health Organization (WHO) Centers for Disease Control Prevention

DOL Updates COBRA Notices Laws and regulations are changing rapidly After the publication of this article they are subject to change Check back regularly for updates On May 1 the Department of Labor ("DOL") posted new model COBRA notices and a series of FAQs regarding the model notices

EBSA Disaster Relief Notice 2020-01 provides important relief in a various areas over which the DOL has jurisdiction including but not limited to those described below The guidance reflects the DOL recognition that COVID-19 and the ensuing government response is likely impairing most if not all plan sponsors' and administrators' ability to comply with certain requirements and

On April 28 2020 The Department of Labor's (DOL) Employee Benefit Security Administration (EBSA) issued EBSA Disaster Relief Notice 2020-01 to provide relief for various requirements and deadlines under the Employee Retirement Income Security Act (ERISA) Read More The CARES Act and Health Plan Impacts On March 27 Congress passed the Coronavirus Aid Relief and Economic Security

EBSA Disaster Relief Notice 2020-01 | U S Department of Labor Dol gov Contact Information The Department will continue to monitor and respond to the situation as appropriate For more information visit the Department's Employee Benefits Security Administration's (EBSA) Disaster Relief pages for Employers and Advisers or Workers and Families or contact EBSA or 1-866-444-3272 https

On April 28 2020 the Department of Labor (DOL) in coordination with the Department of the Treasury the Internal Revenue Service (IRS) and the Department of Health and Human Services (HHS) issued the Employee Benefits Security Administration Disaster Relief Notice 2020-01 (the Notice) DOL also released in coordination with the IRS a joint final rule extending timeframes for employee

relief in EBSA Disaster Relief Notice 2020-01 Under Notice 2020-01 deadlines to furnish notices disclosures and other documents required under the provisions of Title I of ERISA (over which the DOL has interpretive and regulatory authority) are extended Employee benefit plans and plan fiduciar ies will not be in violation of ERISA for a failure to timely furnish a notice disclosure or

Expect some Coronavirus 401(k) relief

The Coronavirus is a national disaster that is probably had the most negative impact on this country since World War II I expect the IRS to issue some relief so that participants can get hardship distributions as well as some loan payment relief

Disaster Relief Notice 2020-01 In addition to the specific relief provided in the final rule described above the DOL also provided a broad extension for all other notices and disclosures required under ERISA (e g SPDs SBCs initial COBRA notice SARs WHCRA notice) Plan sponsors will not be considered non-compliant during the Outbreak Period for failing to provide ERISA-required notices

EBSA Disaster Relief Notice 2020-01 eases the burden for group health plans EBSA Notice 2020-01 also includes general ERISA fiduciary compliance guidance asking plans to "act reasonably prudently and in the interest of the covered workers and their families who rely on their health retirement and other employee benefit plans for their physical and economic well-being " The DOL

Employee Benefits Security Administration Disaster Relief Notice 2020-01 As the Department of Labor (DOL) notices that the coronavirus pandemic may affect the efforts to comply with requirements and deadlines the Employee Benefits Security Administration (EBSA) has issued Notice 2020-01 Read this HR compliance from UBA to learn more On March 13 2020 President Trump issued the

EBSA Disaster Relief Notice 2020-01 (EBSA Notice) declares that the DOL is acting on its authority per Section 518 of ERISA to announce an extension of deadlines for furnishing other required notices or disclosure to plan participants beneficiaries and other persons so that plan fiduciaries and plan sponsors have additional time to meet their obligations under Title I of ERISA during the