HR Minute

Showing 7 posts by Donald S. Kohla.

The Department of Labor Issues Model Notices and Additional Guidance Regarding the American Rescue Plan Act of 2021 100% COBRA Premium Subsidy

Coronavirus

Purpose

We want to alert clients to the availability of Model COBRA Subsidy Notices and Frequently Asked Questions (the FAQs) issued by the Department of Labor (DOL) on April 7, 2021 in connection with the 100% COBRA premium subsidy available from April 1 until September 30 for group health plan participants who  have lost their coverage due to an involuntary termination of their employment or a reduction in hours. The COBRA premium subsidy applies to any group health plan subject to the federal COBRA laws as well as to group health plans subject to state “mini-COBRA” laws. 

The FAQs provide answers to a number of key questions.

Continue reading The Department of Labor Issues Model Notices and Additional Guidance Regarding the American Rescue Plan Act of 2021 100% COBRA Premium Subsidy ›

American Rescue Plan Act of 2021 Creates a 100% COBRA Premium Subsidy

Coronavirus

Purpose

We want to alert clients to the provision in the American Rescue Plan Act of 2021 which creates a 100% COBRA premium subsidy available from April 1 until September 30 for group health plan participants who have lost their coverage due to an involuntary termination of their employment or a reduction in hours. The COBRA subsidy applies to any group health plan subject to the federal COBRA laws as well as to group health plans subject to state “mini-COBRA” laws. Thus it can apply to large as well as small employers.

Continue reading American Rescue Plan Act of 2021 Creates a 100% COBRA Premium Subsidy ›

The CARES Act and Employee Benefits

Coronavirus

We have prepared this alert for our clients based primarily on questions we have received on the some of the provisions of the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”).

Continue reading The CARES Act and Employee Benefits ›

Upcoming Employee Benefit Plan December Deadlines

This client alert follows up on our prior alert titled, "Employee Benefit Plan Filing Deadlines." The following are the most common applicable filing deadlines for calendar year plans for December 2016.

Continue reading Upcoming Employee Benefit Plan December Deadlines ›

Upcoming Employee Benefit Plan Deadlines

This law alert follows up on our prior alerts entitled "Employee Benefit Plan Filing Deadlines." The following are the most common applicable filing deadlines (and/or "Heads Up" for coming deadlines) or other important dates for May, June and July 2016 for calendar year plans:

Continue reading Upcoming Employee Benefit Plan Deadlines ›

DOL Fiduciary Regulations

The U.S. Department of Labor (DOL) earlier this month released final regulations which significantly expand the more than 40-year-old definition of who is a plan fiduciary under the Employee Retirement Income Security Act of 1974 (ERISA) by virtue of providing investment advice for a fee. Thus the final regulations close the door on the spirited, six year debate between the DOL and the investment community over the challenges that the members of the investment community will face if the definition is expanded. However, there was during this period virtually no discussion about the challenges a plan sponsor would face if the definition is expanded.

Continue reading DOL Fiduciary Regulations ›

April 30 Deadline for Pre-approved Defined Contribution Plans

This is a follow-up on the IRS’ recent reminder to plan sponsors using pre-approved defined contribution plans (i.e., prototype and volume submitter plans) that they must adopt restated plan documents by the end of this month. Plan sponsors should have already received restated plan documents from their service provider to review and execute by April 30, 2016. However, if a plan sponsor uses these kinds of plans and has not received these documents, it needs to contact its service provider immediately.

Please call Donald S. Kohla at 678.336.7140 or Jan G. Marsh at 678.336.7135 if you need assistance in working with your service provider to review and restate your pre-approved plan by this deadline.

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