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13 Aug 2020 Author : InfoPro Community Manager

New content added to Lexis Practice Advisor® Employee Benefits and Insurance practice areas

Employee Benefits & Executive Compensation

The Lexis Practice Advisor Employee Benefits & Executive Compensation (EBEC) practice area continues to have new content added related to significant changes in this area of law. Among these changes are those addressing the novel coronavirus (COVID-19) pandemic and the resulting economic downturn. The Employee Benefit Plan COVID-19 Relief Chart summarizes relief granted by the regulatory agencies affecting employee benefit plan administration and design. Among the many items of EBEC practical guidance that have been updated for COVID-19-related legislation and agency guidance are: Leave of Absence Effects on Employee Benefit Plans; 401(k) Plans: Understanding the Rules; ACA Cost Sharing Rules; Qualified Retirement Plan Fundamentals; and Plan Loan Rules for Qualified Retirement Plans. Other noteworthy developments include new Department of Labor final regulations that increase the ability of plan administrators to use email and web portals to communicate with participants and beneficiaries in ERISA-covered retirement plans. See Electronic Disclosure Rules (ERISA Safe Harbors). The DOL also has issued a proposed class prohibited transaction exemption regarding ERISA fiduciary advisor conduct to coordinate with the SEC’s Regulation Best Interest. See DOL Proposes New Prohibited Transaction Exemption.

Additional non-COVID-19 content has been added across the EBEC spectrum. This includes: Fiduciary Exception to Attorney-Client Privilege for ERISA Plans; DOL Proposes New Prohibited Transaction Exemption; Church Plans Under ERISA and the Internal Revenue Code; Amendment and Limited Waiver for Executive Employment Agreement (COVID-19) Salary Reduction); and Board Resolutions (CARES Act Plan Amendment) (401(k) Plan).


The Insurance practice area has added content in a number of areas. Of particular focus is the impact of the novel coronavirus (COVID-19) pandemic on the insurance industry, as well as expansion of jurisdictional content and the addition of resource kits.