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AMERICAN RESCUE PLAN ACT CONTAINS MANY EMPLOYEE BENEFITS RELATED PROVISIONS

Benefits Notes

Health care flexible spending accounts are not subject to the ARPA provisions. Single Employer Pension Plan Provisions. The ARPA contains two funding relief items that benefit single employer pension plans. This includes self-funded and fully-insured plans, multi-employer plans, and governmental employer plans.

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The Consolidated Appropriations Act: 2021’s Employee Benefits Provisions

McNees

Here is what you should know: Temporary Special Rules for Health and Dependent Care Flexible Spending Arrangements. Mid-Year Election Changes: The Act permits plans to allow employees to prospectively change their health or dependent care flexible spending arrangement elections without a change in status at any time in 2021.