COVID-19 Resource Center

Below is a collection of vital COVID-19 resources that we have assembled to assist during this difficult time:

ANNOUNCEMENTS

LAW ALERTS AND ARTICLES

  • Further Guidance from DOL on the Families First Coronavirus Response Act - The Wagner Law Group Law Alert - April 22, 2020
    The Department of Labor (“DOL”) has issued additional FAQs that provide further guidance for employers and employees on the administration of the Emergency Paid Sick Leave (“EPSL”) Act and the Emergency Family and Medical Leave Act (“EFMLA”) under the Families First Coronavirus Response Act (“FFCRA”).
  • Agencies Issue FAQs on Group Health Plan COVID-19 Coverage Requirements - The Wagner Law Group Law Alert - April 15, 2020
    HHS, DOL and IRS (the "Agencies") have jointly issued FAQ 42 to provide guidance on the implementation of the COVID-19 coverage requirements of the Families First Coronavirus Response Act ("FFCRA") and the Coronavirus Aid, Relief, and Economic Security ("CARES") Act.
  • Investment Management Law Update: REG BI Compliance Deadline; Financial Relief Considerations for RIA Firms - The Wagner Law Group Law Alert April 13, 2020
    Last week, the U.S. Securities and Exchange Commission (“SEC”) Chairman, Jay Clayton, confirmed in a public statement (found here) that there will be no industry-wide extension of the June 30, 2020, deadline for compliance with Regulation Best Interest (“Reg BI”)...
  • IRS Releases Guidance on Requirements for Employers to Claim EPSL and EFMLA Tax Credits Under FFCRA
    The Wagner Law Group Law Alert - April 8, 2020 - The IRS has issued guidance for employers with under 500 employees explaining how to claim a tax credit for emergency paid sick leave ("EPSL") and expanded FMLA ("EFMLA") under the Families First Coronavirus Response Act ("FFCRA"). In particular, this guidance includes FAQs that provide information regarding the requirements, limitations and applications for the tax credits...
  • Managing From Afar: Effectively Adapting to Telework - The Wagner Law Group Law Alert - April 8, 2020
    One of the realities created by the COVID-19 pandemic is that more employees are working remotely than ever before. This change raises legal and business issues that have caught many companies off guard. Companies designed policies and trained management pre-COVID19 based on the presumption that most employees worked in the physical office...
  • A Brave New Fiduciary World - PLANADVISER - April 6, 2020
    Over 46 years ago, the Employee Retirement Income Security Act (ERISA) was passed overwhelmingly in the House of Representatives, then in the Senate, to empower American workers and help them achieve retirement security...
  • ERISA Litigation – Lessons for Today from the Great Recession - The Wagner Law Group Law Alert - April 6, 2020
    Many of us older hands lived through the financial collapse of 2008 and, with any luck, learned a lesson or two from the experience that may come in handy now. When 2008 began, my legal practice was basically one half IP litigation, one half ERISA litigation and one half insurance coverage and bad faith counseling and litigation...
  • DOL Issues Guidance on Emergency Paid Sick Leave and Paid FMLA Under Families First Coronavirus Response Act 
    The Wagner Law Group Law Alert - April 3, 202 - The DOL has issued a series of FAQs that provide guidance for employers administering the Emergency Paid Sick Leave ("ESPL") and the Emergency Family and Medical Leave Act ("EFMLA") under the Families First Coronavirus Response Act ("FFCRA")...
  • The Families First Coronavirus Response Act Updated to Include Coronavirus Aid, Relief, and Economic Security Act Provisions - The Wagner Law Group Law Alert - April 1, 2020
    This Law Alert serves as an update to the Law Alert sent out on March 19, 2020 concerning the paid leave and group health plan provisions of The Families First Coronavirus Response Act. Effective April 1, 2020, the Emergency Paid Sick Leave Act (the “Sick Leave Act”) and the Emergency Family and Medical Leave Expansion Act (the “FMLA Expansion Act”), two of the divisions of the Families First Coronavirus Response Act (the “Families First Act”), as amended by the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”), provide paid sick leave and paid family and medical leave to employees affected by the coronavirus. They also provide tax credits for eligible employers...
  • Withdrawals and Loans from Defined Contribution Retirement Plans - The Wagner Law Group Law Alert - March 30, 2020
    In reaction to the current volatility in the economy due to the coronavirus pandemic, we have been receiving a large number of questions from defined contribution plan sponsors regarding ways participants can access money in their accounts...
  • PANDEMIC and Broker-Dealer/Recordkeepers and Advisors... Chances Are, Your Business Continuity Plan Did Not Fully Address This... - The Wagner Law Group Law Alert - March 30, 2020
    In uncertain times like these where the novel coronavirus or COVID-19 seems to be impacting everything, broker-dealers, investment advisory firms, and the recordkeepers that deal with retirement plan assets are well advised to review their business continuity planning...
  • The CARES Act: Relief for Small Businesses - The Wagner Law Group Law Alert - March 27, 20
    On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act, or CARES Act (the “Act”) was passed. The bill is expected to provide relief for eligible small business through a loan guarantee program, the postponement of certain tax payments, and a tax credit...
  • Retirement Provisions of CARES Act - The Wagner Law Group Law Alert - March 27, 2020   The third COVID-19 stimulus package has provisions regarding retirement plans, including expanded and penalty-free withdrawal rights, expanded loan rights, extended rights to repay loans and withdrawals, and a deferral of mandatory distributions...
  • Planning and Implementing a Temporary Layoff in the Age of COVID-19 - The Wagner Law Alert - March 27, 2020

    During these uncertain times, layoffs, both long term and temporary, are on the rise. Naturally, it is very important for employers to plan layoffs carefully, even when they must be implemented quickly...

  • The Families First Coronavirus Response Act - The Wagner Law Group Law Alert - March 26, 2020
    Effective no later than April 2, 2020, the Emergency Paid Sick Leave Act (the “Sick Leave Act”) and the Emergency Family and Medical Leave Expansion Act (the “FMLA Expansion Act”), two of the divisions of the Families First Coronavirus Response Act (the “Families First Act”), provide paid sick leave and paid family and medical leave to employees affected by the coronavirus.
  • HDHPs May Pay for COVID-19 Testing and Treatment - The Wagner Law Group Law Alert - March 25, 2020The IRS has issued Notice 2020-15 permitting High Deductible Health Plans ("HDHPs") to cover testing and treatment for COVID-19, without affecting the status of a person as an "eligible individual" for tax exempt Health Saving Account ("HSA") contribution purposes...
  • Suspending or Reducing Safe Harbor Contributions in Defined Contribution Plans - The Wagner Law Group Law Alert - March 24, 2020In reaction to the current volatility in the economy due to COVID-19, we have been receiving a large number of questions from retirement plan sponsors regarding whether it is permissible to suspend or reduce required safe-harbor contributions during the plan year.  Many companies have to reduce their expenses and improve cash flow...

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Topics: Corona, Corona Virus, COVID-19, Coronavirus, The Families First Coronavirus Response Act, CARES Act, Coronavirus Aid, Relief and Economic Security Act