According to U.S. News & World Report, estimates for the cost of Hurricane Harvey’s damage have come in as high as $190 billion, and damage estimates for Hurricane Irma are still rolling in but range up to $100 billion. To assist taxpayers affected by these devastating storms, the Internal Revenue Service, Department of Labor, and Pension Benefit Guaranty Corporation have granted multiple forms of relief to taxpayers impacted by Hurricane Harvey, Hurricane Irma, and other disasters enumerated by the Federal Emergency Management Agency.
View From McDermott: Hurricane Survival Guide for Employee Benefit Plans and Employers
By Diane Morgenthaler on October 5, 2017
Tags: Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA), Defined Benefit Plans, defined contribution plan, Department of Labor (DOL), Employee Retirement Income Security Act of 1974 (ERISA), Federal Emergency Management Agency (FEMA), Florida, Georgia, Hurricane Harvey, Hurricane Irma, Internal Revenue Service (IRS), Pension Benefit Guaranty Corporation (PBGC), Puerto Rico, Qualified Matching Contribution (QMAC), Qualified Non-Elective Contribution (QNEC), Texas, US House of Representatives, US News & World Report, Virgin Islands
Diane MorgenthalerDiane M. Morgenthaler focuses her practice on employee benefits and executive compensation. She represents clients in matters before the US Internal Revenue Service, the Department of Labor and the Pension Benefit Guaranty Corporation. Diane serves as employee benefit counsel to Fortune 500 corporations and other global corporations, and represents both public and private clients. She regularly designs and implements a variety of employee benefit plans and programs. Diane has extensive experience in employee benefit issues involved in acquisitions, reorganizations and divestitures and in the design of employee benefits plans following such transactions. She also advises clients in matters involving multi-employer withdrawal liability, fiduciary liability and benefit claims. Read Diane Morgenthaler's full bio.
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