On December 27th, the President signed the Consolidated Appropriations Act, 2021, into law. This legislation includes continued funding for various government agencies and additional COVID-19 relief measures and extensions. Among the COVID-19 relief provisions are many that will be impactful for employers and their benefit plans. In addition, the U.S. Department of Treasury and the Internal Revenue Service (IRS) issued an extension of temporary relief related to the physical presence requirement for benefits elections.
Watch the on-demand webinar, Employer response to COVID-19: Relief legislation and updated retirement plan guidance, where we break down key provisions of this legislation and the updated Treasury/IRS guidance and provide a deeper dive into its impact as it applies to employers and their benefit plans.
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