• Coronavirus Alert

    CARES Act and Impact on Retirement Plans

    March 30, 2020
    The CARES Act provides a special distribution option for specific individuals. This coronavirus-related distribution is exempt from the prohibition on premature distributions (i.e., prior to age 59 ½ or termination of employment), and thus is exempt from the 10 percent excise tax on such distributions. The distribution is limited to $100,000 from the plans of the sponsoring employer and any member of its controlled group. This coronavirus-related distribution is available to IRAs and plans described in Internal Revenue Code (Code) sections 401(a), 401(k), 403(a), 403(b), and 457(b).
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  • Coronavirus Alert

    Retirement Plans During the COVID-19 Pandemic

    March 23, 2020
    The COVID-19 pandemic is causing significant disruptions to normal everyday life, and part of this normal everyday life is retirement planning. This alert is intended to provide guidance to retirement plans in this very unusual time we find ourselves related to retirement plans. The first section is related to defined contribution plans, and the second section is related to defined benefit plans.
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  • Coronavirus Alert

    Group Health Plan Changes in Wake of Coronavirus

    March 20, 2020
    On Wednesday, March 18, 2020 President Donald Trump signed into law House Bill 6201, the Families First Coronavirus Response Act, (FFCRA) which implements extensive efforts to combat the spread of COVID-19, commonly referred to as coronavirus as well as the economic impact of the virus. This new law includes requirements affecting the coverage under employer sponsored group health plans and health insurance issuers in the group and individual market. Specifically, the provisions affecting health plans focus on mandated coverage of COVID-19 testing.
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  • Key Provisions in SECURE Act to Affect Retirement Plans

    January 20, 2020
    As you may have heard, Congress recently passed — and the President signed into law — the SECURE Act, which is landmark legislation that affects the rules for creating and maintaining employer-sponsored retirement plans. SECURE stands for the Setting Every Community Up for Retirement Enhancement Act. The SECURE Act is generally effective on January 1, 2020.
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  • 2019 Chambers USA

    Chambers USA Releases 2019 Rankings

    May 7, 2019
    Friday, Eldredge & Clark, LLP is pleased to announce that 26 attorneys are recognized as “Leaders in Their Field” in eight practice areas in the 2019 Chambers USA: America’s Leading Lawyers for Business.
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  • Tax Update Seminar Planned in LR for Nov. 6

    September 26, 2018
    Friday, Eldredge & Clark, LLP will host its annual Tax Update Seminar in Little Rock on Tuesday, Nov. 6 from 8 a.m. to 4:45 p.m. at the UA Little Rock Bowen School of Law. This one-day comprehensive program highlights the most important and up-to-date information on tax law.
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  • focused-industryjdwood

    Jeremiah Wood Speaks at National BKD Leadership Conference

    July 17, 2018
    Jeremiah D. Wood spoke to BKD’s leaders at its 2018 Leadership Conference that was held July 11-13 in Indianapolis, IN.
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