New York City Restarts Construction During Phase One Reopening
Following a three-month delay, New York City construction sites are scrambling to resume operations and complete their projects. Manufacturing, wholesalers, “non-essential” retailers and construction workers can revive Hundreds of thousands of workers will be returning…
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Long Island Courts Begin Phased-in Opening Process
On Tuesday, May 26, courts across Long Island resumed operations for the first time since the COVID-19 shutdown. Starting on Wednesday, May 27th, counties like Dutchess, Putnam, Rockland, Orange, and Westchester enacted a gradual phased-in…
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DOL Approves Private Equity in TDFs
The Department of Labor has given the green light to private equity investments in professionally handled funds within 401(k)s. In a detailed Information Letter, the head of Division of Fiduciary Interpretations at the Employee Benefit…
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3 Highly-Effective Estate Planning Strategies
Adversity, particularly during a pandemic, is unfortunately commonplace in life. Hence, taking care of your family in the unfortunate event something unexpected happens to you must be translated in a carefully, well-laid out strategy. To…
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IRS Signs Off on Temporary Remote Signature Relief
The Internal Revenue Service has offered brief administrative relief to assist specific retirement beneficiaries or plan participants eager to make participant elections by permitting flexibility for remote signatures. Published on June 3, Notice 2020-42 gives…
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COVID-19 Places Significant Importance on Estate Planning
As the coronavirus pandemic reshapes our world, we have to correctly prepare for the future and its uncertainty. This includes placing estate planning at the top of your priority list. In the midst of this…
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Senate Passes Paycheck Protection Program Legislation
The United States Senate just approved the House version of the Paycheck Protection Program (PPP) legislation this Wednesday, augmenting the time given for small businesses and other PPP loan recipients to utilize funds and still…
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Novel In-Service Distributions from 457(b) Plans
A common query concerning in-service distributions from retirement plans is: Can a governmental 457(b) plan allow participants to obtain plan withdrawals while they are still working? Per a recent law change, governmental 457(b) plans now…
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Fiduciary Liability Claims and “Silent Cyber” Coverage
A vital concern sweeping businesses across the country is a term called “silent cyber”, or the coverage for cyber devastation under traditional property and casualty insurance policies, in contrast to purpose-built cyber insurance policies. A…
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