Governor Cuomo Launches COVID-19 Rental Assistance Program
On Tuesday, July 14, Governor Andrew Cuomo of New York announced an emergency rental assistance program that assist low-income families. The program offers direct aid for tenants who have lost income due to the restrictions…
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Estee Lauder Faces 401(k) Excessive Fee Lawsuit
Former plan participants of Estee Lauder’s 401(k) Savings Plan have filed a class-action lawsuit against the company, its board of directors, and the plan’s investment committee, alleging the company breached their fiduciary duties under the…
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$800 Million in Grants Given to U.S. Airports
To keep the airline industry afloat during the current pandemic, the Department of Transportation is sending nearly $800 million of grant money to 347 airports across 46 states and 4 territories. Though passengers are beginning…
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Governor Murphy Temporarily Pauses Indoor Dining
In an effort to slow the spread of COVID-19, Governor Murphy has hit pause on allowing restaurants and bars to reopen for indoor dining as originally scheduled. The Governor sited research to show that virus…
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Is Personal Information of Plan Participants An ERISA Plan Asset?
Retirement plan sponsors are beginning to see more claims involving the alleged wrongful use of personal information belonging to retirement plan participants claimed to be “plan assets”. The specifics of these allegations is that employers…
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House Passes PPP Deadline Extension
On July 1st, the House of Representatives gave their stamp of approval to the Senate-backed legislation to prolong the deadline for small businesses impacted by the pandemic to apply for loans under the Paycheck Protection…
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New Bill Creates Lost and Found Participant Database
It’s not easy for employees to manage, track, and consolidate retirement accounts as they bounce from job to job. Due to short employment periods, workers could leave behind retirement accounts with small balances, which drop…
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How to Effectively Handle DB Plans Through Covid-19
Defined Benefit, or DB plan sponsors were immensely impacted when the market was pummeled by the COVID-19 crisis. It is predicted that the volatility of the marketplace will maintain for a while. As such, plan…
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Home Health Care Bonds During COVID-19
Due to the current overpopulation of hospitals and the risks involved in visiting medical centers, home health care is on the rise. As such, the home health care profession is expected to employ more people…
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