As many companies return to work and resume some variation of normal, there are still required compliance deadlines around the corner.
Of course, if you have questions about the applicability of certain requirements to your plan, please contact your life and health account service team. If you are interested in ETC’s HR compliance support platform, contact firstname.lastname@example.org for more information. The HR team has the ability to support clients in ERISA compliance as well as full HR on call support.
Pay special attention to the following COVID extension:
File Form 5500 for plans with an original or extended Form 5500 filing deadline falling between April 1 and July 15, 2020.
- Automatic extension granted due to the COVID-19 pandemic.
- Under guidance issued in April 2020, an automatic extension was granted for filing Form 5500 for certain ERISA plans due to the COVID-19 pandemic. All Forms 5500 due under an original or extended deadline between April 1, 2020, and July 15, 2020, are now summarily due on July 15.
- Further, a Summary Annual Report (SAR) for plans falling under this automatic extension will now be required not earlier than Sept. 15, 2020.