Articles & Publications

House Passes Bill to Ease PPP Loan Spending and Forgiveness Requirements

On Thursday, the U.S. House of Representatives approved the Paycheck Protection Flexibility Act, H.R. 7010, to help ease loan forgiveness requirements for small businesses under the new Paycheck Protection Program (PPP). Key measures within the bill include: extends the. Read More >>

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Partial Plan Terminations – How Does This Affect My Business?

Because of the current economic uncertainty due to COVID-19, some businesses have had to lay off considerable portions of their workforce, many with the hope of rehiring the individuals sometime down the road. Whether these layoffs are temporary or. Read More >>

Employee Benefits: The Implications of the New Laws in Response to COVID-19 / Coronavirus

Jim Merklin discusses how businesses’ and individuals’ benefit plans are being impacted by the SECURE Act AND CARES Act, which was put in place as a result of COVID-19.   Read More >>

Benefit Plan Relief for Plan Sponsors and Participants

The Coronavirus Aid, Relief and Economic Security (CARES) Act and The SECURE Act include several retirement plan provisions benefiting plan sponsors and participants and their families. The IRS recently issued guidance in the form of a Q&A relating to. Read More >>

Ohio Employers to Receive Dividend from Bureau of Workers’ Compensation

Some good news for Ohio businesses. To help Ohio’s economy and business community withstand COVID-19’s challenges, which include temporary business closings, stay-at-home orders and the record number of unemployment assistance, the Ohio Bureau of Workers’ Compensation’s Board of Directors. Read More >>

State Agencies Issue Financial Relief to Ohio Businesses and Workers in Response to COVID-19

The Ohio Bureau of Worker’s Compensation, The Ohio Department of Insurance and The Ohio Department of Labor have issued orders and additional guidance on insurance premiums and FMLA requirements for employers and employees in light of the COVID-19 impact.. Read More >>

When Bad Things Happen to Good Plans: Preventing errors with eligible compensation plans

For even the most well-intended and conscientious plan sponsor, the complex rules and regulations regarding retirement plans can result in the occasional error in administration or operation. Operational errors are made while carrying out the plan in accordance with. Read More >>

Is This the End of the Limited Scope Audit?

In July, the AICPA Auditing Standards Board (ASB) issued Statement on Auditing Standards (SAS) No. 136 – Forming an Opinion and Reporting on Financial Statements of Employee Benefit Plans Subject to ERISA. These new standards will go into effect. Read More >>

Department of Labor Raises Pay Threshold for Exempt Workers to $35K

1.3 million American workers now eligible for overtime pay Earlier this week, the Department of Labor (DOL) issued the final overtime rule to make an additional 1.3 million American workers eligible for overtime pay. The ruling updates earning thresholds. Read More >>

Multiple Employer Plans: DOL Ruling May Provide U.S. Workers with Greater Access to Retirement Plans

Employer-sponsored retirement savings plans are a proven means for helping working Americans meet their financial needs after they exit the workforce. Some employers would like to offer their workers a retirement plan, but they’re discouraged by concerns related to. Read More >>

Employee Benefit Plan Seminar Takeaways: Audit & Accounting, Tax, Tech and Legal

In June, we hosted a seminar on the key items facing employee benefit plan administrators. Below are the top takeaways from the program. Changes on the Horizon: Accounting Standards & Audit Update SOC reports provide a deeper understanding of. Read More >>