Spurred by COVID-19 Emergency, IRS Issues Cafeteria Plan Relief
Learn about the guidance that offers relief for cafeteria plans.
The pandemic relief for employee benefit cafeteria plans finally arrived. The IRS issues guidance for relief from the normally strict employee benefit cafeteria plan mid-year election changes rules. This guidance provides participants in cafeteria plan with additional flexibility to make mid-year election changes as needed due to the COVID-19 pandemic. This white paper reviews this guidance as well as the additional non-COVID-19–related adjustments.