Spencer Fane attorneys Greg Ash and Rob Browning recently published an article featured in Bloomberg Law discussing the impact of COVID-19 on benefit plan sponsors and how employers can effectively move forward.
Titled, “Coming Out of Quarantine: A Post-Pandemic Action Plan for Employee Benefit Plan Sponsors,” the article outlines three central components in creating a post-pandemic strategy, including: cataloging benefit decisions already made, anticipating workforce changes, and monitoring compliance requirements.
“In the rush to react to the crisis, decisions were made and benefits were altered on the fly, with the understanding that the details, such as participant notices and plan amendments, will be worked out later,” Greg and Rob explain in the article. “Nevertheless, someone must keep track of those decisions, and make sure that the details are, in fact, worked out.”
To read the full article, please click here. Originally published by Bloomberg Law.
