The Consolidated Appropriations Act, 2021, signed into law on December 27, 2020 (the “Act”), changes a myriad of different rules for employer-sponsored retirement plans and health and welfare benefits. Among the more significant of the Act’s changes is a temporary rule to provide relief for certain events related to COVID-19 that would otherwise be considered partial retirement plan terminations (which can have costly implications for the employer). The partial plan termination rules, and temporary relief in the Act, generally impact employer plan sponsors with a tax-qualified retirement plan (excluding certain governmental and church plans).
Hall Benefits Law, LLC
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Hall Benefits Law, LLC
Latest posts by Hall Benefits Law, LLC (see all)
- Circuit Split Deepens with Home Depot’s 11th Circuit ERISA Win - October 3, 2024