Benefit Plan Deadlines News Today

DOL indicated that fiduciaries should make reasonable accommodations to prevent the loss of or undue delay of benefit payments. Plan sponsors should take action to mitigate possibility of individuals losing out benefits because of failure to comply with affected timeframes

Tuesday, March 2, 2021 Last year, the Internal Revenue Service (IRS) and the Department of Labor (DOL) issued two notices that extended certain benefit plan deadlines for both employees/plan participants and for plan administrators as a result of the COVID-19 national emergency (the “Original Notices”). A link to our article about these deadlines can be found here. The Original Notices stated that, when determining the deadline for certain benefit-related actions, such as a HIPAA...