This timely webinar will address the employee benefit provisions buried within the CARES Act and other fiduciary issues that employers should consider. COVID-19 has affected all aspects of business. The economic fallout has created potential fiduciary and liability issues for employers with respect to their qualified retirement plans. Fortunately, Congress has provided relief with respect to some of these issues under the Coronavirus Aid, Relief, and Economic Security (CARES) Act of 2020. This timely webinar will address the employee benefit provisions buried within the CARES Act and other fiduciary issues that employers should consider. Topics will include:
• CARES Act changes to the tax qualified retirement plan rules and health and welfare plan rules.
• Potential ERISA liability and litigation risk related to investment options under 401(k) plans.
• The impact of furloughs and layoffs on employee benefit plans.
• Suspending matching contributions, and other related economic considerations on employee benefit plans
Greg Daugherty from Porter Wright will help those involved with their organizations’ employee benefits administration and compliance manage the response to COVID-19 with respect to these plans.