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The CARES Act: Changes Posed to Health Plans and HSAs

Posted by: Bryan J. Gross and Alexander L. Mounts on April 3, 2020

Court Decision Clears Way for Broader Use of Postnuptial Agreements

The Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) provides financial relief to employees facing economic hardships as a result of the pandemic.  Below are provisions applicable to health plans and health savings accounts.

Exemption for Telehealth Services

For plan years...


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COVID-19 and Partial Plan Terminations

Posted by: Lisa A. Durham on April 3, 2020

Court Decision Clears Way for Broader Use of Postnuptial Agreements

In this ever-changing economy due to COVID-19, we are receiving many questions regarding layoffs, furloughs and terminations of employment and how they impact the company’s qualified retirement plan.

What is a partial plan termination?

  • In general, if 20 percent or more of your employees...

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The CARES Act: Changes Posed to Employer-Sponsored Retirement Plans

Posted by: Alexander L. Mounts, Bryan J. Gross, and Janice L. Hamilton on April 1, 2020

The Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) provides financial relief to employers and employees facing economic hardships as a result of the pandemic.  Below are provisions applicable to qualified retirement plans.


Plan Amendments

Even if you implement any of...


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Executive Compensation Restrictions Under the CARES Act

Posted by: Alexander L. Mounts and Fenton D. Strickland on April 1, 2020

Court Decision Clears Way for Broader Use of Postnuptial Agreements

Companies who obtain loans and loan guarantees from the Exchange Stabilization Fund authorized by the CARES Act are subject to restrictions on executive compensation.  These loans and loan guarantees are separate from relief small business employers might otherwise realize under the CARES Act...


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ESOP COVID-19 Alert

Posted by: Alexander L. Mounts on March 24, 2020

Court Decision Clears Way for Broader Use of Postnuptial Agreements

The ESOP Team at Krieg DeVault knows our clients are experiencing unprecedented challenges and difficulties caused by COVID-19.  In an effort to fully support you during these difficult times, we are committing to provide you with brief, tailored, ESOP-related content in the days, weeks and...


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IRS to Issue Guidance for High Deductible Health Plans in Light of COVID-19

Posted by: Kendall A. Schnurpel on March 11, 2020

Court Decision Clears Way for Broader Use of Postnuptial Agreements

Today, the IRS published notice of upcoming guidance related to the impact on the qualification of high deductible health plans (“HDHP”) under Section 223(c)(2)(A) of the Internal Revenue Code (the “Code”) with respect to certain 2019 Novel Coronavirus (COVID-19) related testing and treatment...


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The Setting Every Community Up for Retirement Enhancement (SECURE) Act

Posted by: Sharon B. Hearn, Bryan J. Gross, and Janice L. Hamilton on February 27, 2020

On December 20, 2019, the Setting Every Community Up for Retirement Enhancement (SECURE) Act was signed into law by President Trump as a part of a larger budget appropriations bill.  Many who have commented on the SECURE Act believe it is the most significant retirement legislation in more than...


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