Insights
By: Lisa A. Durham
on April 2, 2020
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?
By: Robert A. Greising and Corben A. Lee
on April 1, 2020
[UPDATED APRIL 17, 2020] On March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (the “Act”) which provides significant economic benefits to small businesses. Two of the most economically beneficial programs…
By: and Scott C. Frissell
on April 1, 2020
On Tuesday, March 31, 2020, the Indiana State Board of Accounts (“SBOA”) issued guidance relating to the SBOA’s audit position surrounding the use of public funds during the COVID-19 pandemic. In this guidance, the SBOA acknowledged that it would…
By: Alexander L. Mounts, , and Janice L. Hamilton
on March 31, 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.
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By: Alexander L. Mounts and Fenton D. Strickland
on March 31, 2020
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…
By: Brandon W. Shirley and Stephanie T. Eckerle
on March 30, 2020
On March 30, 2020, Governor Holcomb issued Executive Order 20-13 (“EO 20-13”) to remove legal and administrative restrictions affecting health care space, workforce, personal protective equipment, and telemedicine to more fully prepare for the…
By: Christopher W. Bloomer and Robert S. Schein
on March 30, 2020
On March 16, 2020, Indiana Governor Eric Holcomb issued Executive Order 20-04 (the “Order”). Among other particulars, the Order directs that “Public meetings conducted pursuant to Ind. Code § 5-14-1.5 et seq. [hereinafter the Open Door Law, or…
March 29, 2020
In response to social distancing mandates, the Indiana Secretary of State has expedited the implementation of Indiana’s previously adopted remote notarial act statute. The statute would not have become effective until July 1, 2020 but is now…
By: Matthew D. Neumann
on March 29, 2020
The novel Coronavirus (COVID-19) pandemic creates unprecedented and significant challenges for businesses of all sizes. In light of the rapidly evolving circumstances, Krieg DeVault has assembled a COVID-19 Resource Center and Checklist to help your…
By: Shelley M. Jackson and Kate Trinkle
on March 29, 2020
The Department of Labor (DOL) began issuing additional information on paid leave requirements under the Families First Coronavirus Response Act (FFCRA) on March 25, 2020. Since then, the DOL has continued to provide updates to the Questions &…
By: Brandon W. Shirley and Meghan M. Linvill McNab
on March 29, 2020
Currently, the Centers for Medicare and Medicaid Services (“CMS”) may authorize accelerated/advance payments when there is a disruption in claims submission and/or claims processing. CMS is also authorized to provide accelerated/advance payments…
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