In a matter of a few weeks, the COVID-19 pandemic has caused drastic changes to our businesses and personal lives. The effects are already substantial, from those personally affected by illness and shelter-in-place orders to companies seeing sharp declines in business activity. Although your to-do list may be long, we encourage you to find time to evaluate the impact of the crisis on your benefit plans. Below, we summarize key considerations to be aware of in the areas of retirement, welfare and nonqualified deferred compensation plans.
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Visit our COVID-19 Resource Center often for up-to-date information to help you stay informed of the legal issues related to COVID-19.