dol

Additional COBRA Premium Assistance Guidance Under ARPA

The DOL has issued additional COBRA premium assistance guidance under the American Rescue Plan Act of 2021.

FuturePlan ERISA Team

DOL

Health and Welfare

Marty Walsh Confirmed as Secretary of Labor

Former Boston Mayor Marty Walsh was confirmed on Monday as Secretary of the Department of Labor (DOL). 

FuturePlan ERISA Team

DOL

DOL Proposes Withdrawal of Independent Contractor Rule

The Department of Labor (DOL) Wage and Hour Division has proposed to withdraw the independent contractor rule, which has not yet taken effect. 

FuturePlan ERISA Team

Defined Contribution Plan

DOL

Health and Welfare

American Rescue Plan Act Provides Coronavirus Relief

President Biden has signed legislation that funds another round of assistance as the nation copes with the health and economic effects of the coronavirus pandemic. 

FuturePlan ERISA Team

Washington Pulse

Defined Benefit Plan

DOL

Health and Welfare

Legislative updates

DOL Announces Non-Enforcement of ESG and Proxy Rules

The Department of Labor (DOL) has issued a statement that it will not enforce two final rules that were issued late in 2020. 

FuturePlan ERISA Team

Defined Contribution Plan

DOL

Fiduciary Issues

DOL Delays Effective Date for Independent Contractor Regulations

The DOL Wage and Hour Division has finalized its proposal to delay until May 7, 2021, the effective date of final regulations on independent contractor status. 

FuturePlan ERISA Team

Defined Contribution Plan

DOL

Health and Welfare

Guidance Issued for Health Plans Regarding COVID-19 Services

The Departments of Labor, Health and Human Services, and Treasury have issued “FAQs About Families First Coronavirus Response Act and Coronavirus Aid, Relief, and Economic Security Act Implementation Part 44”. 

FuturePlan ERISA Team

COVID-19

Health and Welfare

DOL

COVID-19 Relief for Benefit Plans Continued

The DOL’s Employee Benefits Security Administration (EBSA) has released Disaster Relief Notice 2021-01 providing guidance on the duration of COVID-19-related relief. 

FuturePlan ERISA Team

COVID-19

Defined Contribution Plan

DOL

Health and Welfare

Missing Participants: Prevention is the Best Cure

Unfortunately, many employers don’t consider how to handle missing participants’ account balances or how to prevent losing track of participants in the first place. 

FuturePlan ERISA Team

Retirement Spotlight

Defined Contribution Plan

IRA

DOL

Fiduciary Issues

DOL Confirms Effective Date for Investment Advice PTE

The DOL’s EBSA has confirmed that prohibited transaction exemption 2020-02 entitled, “Improving Investment Advice for Worker & Retirees,” will take effect on February 16. 

FuturePlan ERISA Team

Defined Contribution Plan

DOL

Fiduciary Issues

IRA

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