Archives: 2020

COVID-19 Benefit Plan Deadline Extensions

On April 28, 2020, the Department of Labor (DOL) and the Internal Revenue Service (IRS) issued deadline relief to help employee benefit plans, plan participants and plan service providers impacted by the COVID-19 outbreak. The deadlines are extended by disregarding the period from March 1, 2020, un…Continued

Challenges to Transitioning Back to Normal

Pension plan sponsors and their Trustees are working to adapt to the emerging landscape being sculpted by local meeting restrictions, a depressed economy and financial market disruptions.  In addition, they are grappling with how COVID-19 related illnesses and deaths impact their pension programs.O…Continued

Remote Notarization of Retirement Plan Consent Documents

The Internal Revenue Service requires that spousal consent to the waiver of a qualified joint and survivor annuity in a defined benefit plan must be signed in the “physical presence” of a plan representative or notary.  Some plan administrators go further and require that other retirement plan elec…Continued

Maintaining Well-Being During a Quarantine

In response to the COVID-19 pandemic, the Centers for Disease Control and Prevention and the World Health Organization have recommended that all individuals who may have been exposed to the disease self-quarantine at home for 14 days. In addition, public health officials are recommending that healt…Continued

COVID-19 Client Portal

We know you are likely overwhelmed with the amount of COVID-19 information received on a daily basis, and we thought it would be helpful to you to provide you with a website that consolidates this information. Therefore, Bolton has created a COVID-19 Client Portal that has information about managin…Continued