On May 11, Mark Williams and Tim Klimpl will jointly present with speakers from the actuarial firm Hooker & Holcombe on “The New Employee Benefits Landscape: What’s Changed and What’s Ahead”.

About the Program 

Since 2020, employee benefits in the United States has undergone a collective sea change due to, among other things, federal legislation and administrative responses to the COVID-19 pandemic. Please join us for important insights into the most significant developments in employee benefits, jointly presented by Carmody and Hooker & Holcombe.

Topics will include:

Retirement Plan Changes

401(k) and Other Defined Contribution Plans

• Required minimum distributions (RMDs)
• Safe Harbor 401(k) plans
• New Eligibility for long-term, part-time employees
• New distribution for qualified child birth or adoption expenses
• Optional safe harbor for guaranteed income contracts

Defined Benefit Pension Plans

• Extension and enhancement of relief for minimum employer funding
• Potential legislation impacting pension plans

Health and Welfare Plan Changes

• Administration of COBRA Subsidies
• Suspensions of COBRA election and payment deadlines, and HIPAA special enrollments
• Additional time to use health FSA and dependent care assistance accounts
• Extended Tax Credits for Voluntary Paid and Sick Leave Through 9/30/2021

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