The Department of Labor (DOL) and Internal Revenue Service (IRS) continue to issue regular updates for benefit plans in the midst of the COVID-19 outbreak.
On April 28, 2020, the DOL issued the following relief and guidance for employee benefit plans:
- Notification of Relief, which was issued jointly with the IRS and the Department of the Treasury (Treasury).
- EBSA Disaster Relief Notice 2020-01, which was coordinated with Treasury, IRS, and the Department of Health and Human Services (HHS).
- COVID-19 FAQs for Participants and Beneficiaries.
On May 4, 2020, the IRS issued questions and answers on coronavirus-related relief for retirement plans and IRAs. Together, the guidance...
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