COVID-19 Layoffs come with Plan Sponsor PBGC Reporting Obligations
The recent pandemic has forced the hand of numerous establishments across the United States to release employees from their current positions. With over 26 million Americans now filing for unemployment in as little as five…
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House Approves Bill to Help Pay Retirement Benefits
On April 23, the House of Representatives approved a $484 billion COVID-19 stimulus bill which incorporates funding that can be utilized to help pay retirement benefits. The novel legislation, titled the Paycheck Protection Program and…
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Napa County Loosen Restrictions on Construction and Real Estate
Napa County, California officially relaxed the county’s current shelter-at-home instruction by decreasing restrictions on in-person home viewings and construction. The novel order rolls back restrictions on construction workers supporting building, operation, inspection and maintenance of…
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Pennsylvania to Restart Construction in May
On April 22nd, Pennsylvania Governor Tom Wolf announced construction projects can resume again, even before the state as a whole begins to reopen. Per the Governor, all construction projects in the Keystone state, are able…
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New Jersey’s New Temporary Remote Notary Law: What You Need to Know
On April 14, 2020, Governor Phil Murphy of New Jersey passed a new law for notaries public and persons authorized to take oaths are allowed to continue their usual duties remotely. This law will be…
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New York Updates Guidance for “Essential” and “Nonessential” Businesses
New York’s Empire State Development (ESD) published updated direction for determining if services or businesses are deemed “essential” under new executive orders issued by Governor Andrew Cuomo on April 9, 2020. The following construction projects…
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States Allowing Online Remote Notarization Due to COVID-19 Response
Following the swift response to the pandemic, several states have let notaries perform remotely in the interest of safeguarding the safety and health of both notaries and their clients. Notaries are now able to carry…
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Some Construction Projects Could Soon Restart, Washington Governor Announces
On April 21st, Washington Governor Jay Inslee announced a road map for reopening the state’s economy that could soon permit the return of some elective surgeries, outdoor recreation, and certain construction projects. In a televised…
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Record Keeper, Plan Sponsor Sued for Fiduciary Breach in 401(k) Account Hack
A suit has been filed, alleging “actions in allowing an unknown individual to prey on and steal hundreds of thousands of dollars form the retirement savings of the Plaintiff.” The case was filed on behalf…
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