Can I take COVID funds out of my plan w/ CARES Act?
Section 2202 of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), enacted on March 27, 2020, provides unique distribution options and rollover rules for retirement plans and IRAs and expands permissible loans from specific retirement plans. General Information Partial Termination of a Qualified Retirement Plan Under Section 209 of the Taxpayer Certainty and […]
Can Employers Ask You If You’re Vaccinated?
COVID-19 sent workplaces reeling with lockdowns, outbreaks, and layoffs. Now that vaccinations are being distributed, the CDC has relaxed the COVID-19 safety guidelines for fully vaccinated individuals. The CDC guidance and some state mandates say that vaccinated people can stop wearing masks and follow social distancing precautions. The problem for employers is finding out who […]
What changes are allowed to DCAP and Health FSAs due to COVID?
Several recent changes allow benefits-related relief provisions. This includes significant changes to the rules governing dependent care assistance plans (DCAP) and health flexible spending accounts (FSA). Along with possible modifications affecting plan years 2020, 2021, and 2022. Below is a summary of these critical changes. These will provide significant relief for DCAP and health FSAs […]
