New cybersecurity developments and observations, including those relating to U.S. Department of Labor review of cybersecurity issues, warrant prompt consideration by plan fiduciaries, including those plans covered by HIPAA. The following update includes recommendations to help ERISA retirement and health and welfare plan sponsors and responsible fiduciaries protect benefit plans and participants against cybersecurity risks
Employee Benefit Plan Developments—2020 Year in Review
Employee benefits professionals have faced many challenges in 2020.
The following update provides highlights of key developments that employers and other plan sponsors should consider as 2021 approaches. Read the full article.
COVID-19 Relief for Employer-Sponsored Benefit Plans: Federal Government Announces Deadline Extensions and Other Short-Term Relief
The U.S. Departments of Labor, Treasury, and Health and Human Services have issued a joint notice that modifies certain benefit plan notice, reporting, and election deadlines imposed by ERISA and the Code. In addition, DOL’s Employee Benefits Security Administration and the Pension Benefit Guaranty Corporation, have issued additional short-term relief. The following update summarizes these…
COVID-19: Employee Health Plan Administration Considerations
As federal and state governments respond to COVID-19, employers and plan fiduciaries must also address the evolving issues arising under employer-sponsored health plans. We expand on the following topics in this update:
- HIPAA limitations must be followed; however, the public threat posed by COVID-19 may permit or require certain disclosures
- As of March 18, 2020,