Additional Relief for Plans and Participants Impacted by Maria

The DOL releases additional relief for employee plans, participants and beneficiaries impacted by Hurricane Maria.

Document Excerpt

WASHINGTON, DC – The U.S. Department of Labor announced employee benefit plan compliance guidance and relief for victims of Hurricane Maria and the October 2017 California Wildfires.

The Department understands that plan fiduciaries, employers, labor organizations, service providers, and participants and beneficiaries may encounter issues complying with the Employee Retirement Income Security Act (ERISA) over the next few months as the implications of Hurricane Maria and the California Wildfires unfold.

The guidance provided in this statement generally applies to employee benefit plans, plan sponsors, employers and employees, and service providers to such employers who were located in a county identified for individual assistance by the Federal Emergency Management Agency because of the devastation caused by Hurricane Maria or the California Wildfires.

Link

https://www.dol.gov/newsroom/releases/ebsa/ebsa20171121

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