Benefits Overseer Expands Virus-Related Filing Relief

The Employee Benefits Security Administration is relaxing various filing rules to keep companies in compliance during the global pandemic.

The latest notice (2020-01) covers a range of retirement plan-related changes woven into the $2 trillion stimulus deal. It also builds on other government initiatives implemented since the Covid-19 outbreak.

Updated policies include:

• Disclosure deadlines: plan providers whose communications have been disrupted by the virus have until 60 days after the national emergency ends to provide overdue benefit statements to employees as long as administrators “act in good faith and furnish the notice, disclosure, or document as soon ...