By: Sherry P. Porter
While most of us are aware that many governmental agencies are lacking staff and resources to fulfill their stated goals, the IRS launched a pilot program in June 2022 which puts much of the compliance review for retirement plans back on the plan sponsor if its plan is selected for this pre-audit pilot program.
The IRS will notify ...
As mentioned in our prior post, numerous benefit plan-related deadlines were extended by the DOL when it declared a National Emergency due to COVID-19 in March, 2020. By law, the National Emergency continues until: (1) emergency is not continued by the president; (2) the president terminates it; or (3) a joint resolution of Congress terminates ...
Lyndsey Barnett and Cassidy Zang*
McDonald’s recently notified a Florida federal court that a class-wide settlement was reached and ready for approval in the COBRA suit brought against them. This settlement is the result of an action filed in December 2020 by a former employee who alleged that the corporation was sending former employees ...