The Departments of Labor and the Treasury release guidance addressing the COVID-19 Outbreak Period. Unexpectedly, they have taken the interpretation that these benefit plan deadline extensions generally apply on an individual-by-individual basis.

To review the guidance in detail click here:Guidance_Issued_on_Outbreak_Period_022621R.pdf

Disclaimer: EBI and any of its employees do not provide legal or tax advice. Compliance, regulatory and related content is for general information purposes and is not guaranteed to be accurate or complete. We recommend you should consult an attorney or tax professional regarding the application or potential implications of laws, regulations or policies to your specific circumstances.