Posts tagged FEMA.
Blogs
4 minute read
[Updated on April 17, 2020]
As temporary layoffs and furloughs become more prevalent during the COVID-19 outbreak, employers have been asking whether they may allow employees to take hardship distributions under their Section 401(k) plans for expenses and losses resulting from COVID-19.
Under the IRS hardship distribution final regulations, employers were permitted to add a new safe harbor hardship category that would allow an employee to take a hardship withdrawal to cover expenses and losses (including loss of income) incurred by the employee on account of a disaster declared ...
Blog Editors
Recent Updates
- NYDFS Cybersecurity Crackdown: New Requirements Now in Force—Are You Compliant?
- Video: New Tips and Overtime Guidance, NLRB Circuit Split, and Stalled Nomination - Employment Law This Week
- Companies and Employees Increasingly at Risk of AI-Powered Cyber Attacks
- Video: New Leadership and Priorities for the EEOC - Employment Law This Week
- Expanded Pay Transparency Requirements Coming to Columbus, Ohio