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The information and content contained in this blog are for general informational purposes only, and does not, and is not intended to, constitute legal advice. As always, for specific questions concerning your health or 401(k) plans, please consult your own ERISA attorney or professional advisor.
401(k) Plans: They’re Back! Required Minimum Distributions Resume for 2021
The Coronavirus Aid, Relief, and Economic Security Act of 2020 (“CARES Act”) contained a number of provisions directly relating to 401(k) retirement plans. (See our article entitled “Congress Passes CARES Act in Response to COVID-19 Crisis, Contains 401(k) Ease-of-Access and
New Law Encourages Compliance with Recognized Security Practice
The penalties for failing to observe HIPAA’s security rules can be severe. Recent legislation may cushion the impact of those penalties for covered entities making a good faith effort to comply the HIPAA rules. The legislation amends the HIPAA HITECH
New Guidance for 401(k) Plans on Missing Participants
On Tuesday, January 12, 2021, the U.S. Department of Labor (“DOL”) issued official guidance on locating missing participants in retirement plans, including 401(k) plans. The guidance appears in three separate documents: (i) “Best Practices for Pension Plans;” (ii) “Compliance Assistance
Group Health Plans Required to Cover Cost of HIV-Preventive Drug, Truvada
Effective January 1, 2021, and with the exception of ACA-compliant Grandfathered Plans, most group health plans and insurance issuers must now cover the full cost of Truvada, an HIV-preventive preexposure prophylaxis (PrEP) drug. PrEP drugs are recommended for use by