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As discussed in our prior advisory, the American Rescue Plan Act
of 2021 (ARP) provides assistance eligible individuals temporary
premium assistance for COBRA continuation coverage and, where the
employer elects to offer the option, an opportunity to switch to a
different health plan option offered by the employer. The
Department of Labor (DOL) recently issued Model COBRA Notices and frequently asked questions (FAQs) to
assist employers and group health plans in implementing the new ARP
COBRA subsidy, which extends from April 1, 2021 through September
30, 2021.
What are the new ARP COBRA notice requirements?
We devote a substantial part of our practice these days to helping clients conduct due diligence to assess other businesses that they think they might acquire.
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After a yearlong delay due to the pandemic,
it s time for filing an EEO-1 Component 1 Report (EEO-1 Report)
again. Last May, the Equal Employment Opportunity Commission (EEOC)
announced that it was delaying collecting EEO-1 reports until 2021
due to the impact of COVID-19. Data collection will open through
the EEOC website on April 26, 2021, and the
deadline to file is July 19, 2021.
As a reminder, three groups of qualifying employers are required
to file an EEO-1Report:
All private sector employers subject to Title VII of the Civil
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The Consolidated Appropriations Act (CAA) passed late last year
provides the much-needed stimulus and tax relief for businesses hit
hard by the COVID-19 pandemic. Two of the provisions that business
owners are most likely interested in are the $284 billion in
funding for forgivable loans through the Paycheck Protection
Program (PPP), for both first-time and so-called second-draw borrowers, and the extension of the
Employee Retention Credit.
DEDUCTION FOR PPP EXPENSES
The CARES Act created the Paycheck Protection Program (PPP),
which made forgivable loans available to eligible small businesses
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The Consolidated Appropriations Act ( CAA ) includes a
number of provisions enhancing transparency in the operation of
group health plans. One of those provisions will require
brokers and consultants to make fee disclosures to a responsible
plan fiduciary if the broker or consultant qualifies as a covered
service provider.
Background
In general, certain transactions between an employee benefit
plan and a party-in-interest, including a service provider, are
prohibited transactions under ERISA. However, ERISA Section
408(b)(2) provides that a contract between a plan and a service