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).

Lockton and HBL team to discuss evolving strategies needed to meet revised business and workforce needs, the benefits most important to job seekers, trends in the healthcare marketplace, and finally, two distinct alternative strategies to mitigate risk and satisfy employees – the use of ICHRA and MEC plan options. Implications of the ACA on these plans, as well as benefits, opportunities, and pitfalls, will be covered, and participants will have a chance to submit questions during the webinar.