Sarah L. Engle
Subscribe to Sarah L. Engle's PostsSarah Engle focuses her practice on employee benefits matters. She counsels clients regarding a variety of issues, including the design, drafting and operation of tax-qualified pension and profit sharing plans, health and welfare arrangements, and deferred compensation plans. Sarah has experience advising clients on employee benefits design, implementation and transition matters arising in connection with corporate mergers and acquisitions. Read Sarah Engle's full bio.
COVID-19 Stimulus Package Significantly Expands CARES Act Employee Retention Tax Credits
By David Fuller, Andrew Liazos, Brian Tiemann and Sarah L. Engle on Jan 21, 2021
Posted In Employee Benefits, Employment
The Consolidated Appropriations Act, 2021, which became law on December 27, 2020, makes significant changes to the employee retention tax credits available under the Coronavirus Aid, Relief and Economic Security Act (the CARES Act). The changes are generally designed to increase the availability, scope and amount of the credits. Significantly, employers that received a Payroll...
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More Caring: New CARES Act Guidance for Retirement and Nonqualified Plans
By Diane Morgenthaler and Sarah L. Engle on Jul 15, 2020
Posted In Employee Benefits, Employee Stock Ownership Plans (ESOPs), Executive Compensation, Retirement Plans
New Internal Revenue Service (IRS) guidance expands the availability of Coronavirus Aid, Relief and Economic Security Act (CARES Act) distributions and loans under eligible retirement plans, and it provides important clarifications regarding how to administer and report CARES Act distributions and loans. The guidance also provides welcome relief for a participant who receives a CARES...
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Proposed Jobs Credit Act Would Significantly Expand CARES Act Employee Retention Tax Credits
By Andrew Liazos, Brian Tiemann, David Fuller and Sarah L. Engle on May 27, 2020
Posted In Employee Benefits, Employment, Health and Welfare Plans
A bill titled Jumpstarting Our Businesses’ Success Credit Act of 2020, which would make significant changes to the employee retention tax credits available under the CARES Act, is currently under consideration in the US House of Representatives. In this article, we outline the proposed changes, which are generally designed to increase the availability, scope and...
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CARES Act Payroll Tax Forum: IRS Weighs in on High-Profile Employee Retention Tax Credits
By Sarah L. Engle, Andrew Liazos, Brian Tiemann, David Fuller and Rachel B. Cowen on May 4, 2020
Posted In Employee Benefits, Employment
Decisions aimed at preserving your workforce in response to the COVID-19 pandemic can have a long-term impact on your business. As you prepare to emerge from government shutdown orders, recall that your workforce is your single most valuable asset. The Coronavirus Aid, Relief, and Economic Security (CARES) Act provides employee retention tax credits to help...
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CARES Act Impacts All Benefit Plans
By Andrew Liazos, Erin Steele, Evan A. Belosa, Jacob Mattinson, Lindsay Ditlow, Lisa Loesel, Ralph E. DeJong, Samuel Everett Dewey and Sarah L. Engle on Mar 31, 2020
Posted In Employee Benefits, Employment, Executive Compensation, Health and Welfare Plans, Retirement Plans
In the ongoing effort to help individuals impacted by COVID-19, Congress passed the Coronavirus Aid, Relief, and Economic Securities Act (CARES Act) on March 27, 2020. The President signed the CARES Act into law the same day. The historic stimulus package provides wide-ranging relief for both employers and employees. This includes rules that impact health...
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COVID-19 FAQs: For Employee Benefits & Executive Compensation
By Erin Steele, Evan A. Belosa, Jacob Mattinson, McDermott Will & Emery, Sarah L. Engle, Brian Tiemann, Allison Wilkerson, Andrew Liazos and William R. Pomierski on Mar 26, 2020
Posted In Employee Benefits, Employment, Executive Compensation, Health and Welfare Plans, Retirement Plans
Coronavirus (COVID-19) raises serious concerns for employers of all shapes and sizes, across all industries and in every business sector. As the impact of COVID-19 continues to grow, many employers are faced with new challenges that affect not only their businesses and their employees, but the health and welfare, retirement and executive compensation plans and...
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Finally SECURE: Opportunities in the 2019 SECURE Act for Plan Sponsors
By Jeffrey Holdvogt, Lisa Loesel and Sarah L. Engle on Jan 9, 2020
Posted In Employee Benefits, Employment, Health and Welfare Plans, Retirement Plans
The SECURE Act—the most significant piece of retirement plan legislation in more than a decade—is now law. Plan sponsors should immediately start considering how changes included in the SECURE Act could impact their retirement and health and welfare plans in 2020 and beyond. Access the full article.
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Right Around the Corner: Expanded IRS Determination Letter Program Opens in September
By Brian Tiemann, Sarah L. Engle and McDermott Will & Emery on Aug 22, 2019
Posted In Employee Benefits, Retirement Plans
Beginning September 1, 2019, the IRS is expanding its retirement plan determination letter program to apply to certain individually designed statutory hybrid and merged plans. Employers sponsoring hybrid plans not previously reviewed by the IRS for required (or other) plan changes, and employers that have or will merge two or more of their plans together...
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Bipartisan Bill Paves the Way for Significant Retirement Plan Reforms
By Lisa Loesel and Sarah L. Engle on Jun 4, 2019
Posted In Employee Benefits, Fiduciary and Investment Issues, Retirement Plans
The House recently passed the most significant piece of proposed retirement plan legislation in more than a decade: the SECURE Act. Although the Senate must also approve the bill before it becomes law, its proposed changes have considerable bipartisan support in Congress. Plan sponsors should start considering how changes included in the SECURE Act could...
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IRS Expands Self-Correction Program, Provides Welcome Relief for Plan Sponsors
By Erin Steele, Jacob Mattinson and Sarah L. Engle on May 23, 2019
Posted In Employee Benefits, Retirement Plans
The IRS recently released an updated version of EPCRS, the IRS’s program for correcting errors that occur under tax-qualified retirement plans. The latest version of EPCRS makes it easier for plan sponsors to self-correct certain types of plan loan, operational and plan document failures without filing a VCP submission. Access the full article.
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