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COVID-19 Resources for Employers

We're here to help.

Together we will persevere. 

It is an obvious statement to say that we are in uncharted territory and it’s unnerving to consider the reality of this situation, but we all have an impact on this. Know that Sentinel will remain vigilant as we do our part. 

Sentinel's COVID-19 business resource center is meant to help you navigate through this unprecedented time. We will continue to keep these pages updated as more information becomes available.  
 

Fiduciary Q&A

COVID-19 has presented a unique set of challenges for employers, and has changed the way we think about everyday issues.  You may have questions about your retirement plan as it relates to fiduciary liability during these difficult times. 

The Coronavirus Aid Relief and Economic Security (CARES) Act

On March 27th, the Coronavirus Aid Relief and Economic Security Act (CARES Act) was signed into law by the president.  Below, we review the provisions of the Act that apply to retirement plans, followed by several non-retirement plan provisions.

The Paycheck Protection Program

The Paycheck Protection Program (PPP) is one of the central features of the recent Coronavirus Aid, Relief, and Economic Security Act (CARES Act) and provides $349 billion in loans for small businesses, nonprofit organizations, and other eligible organizations and individuals toward payroll costs and other covered expenses, as well as forgiveness for expenditures, provided certain conditions are met. 

Understanding the $2 Trillion Stimulus Package

This document provides an overview of the $2 trillion stimulus package, which is designed to provide financial assistance for those struggling as a result of the coronavirus (COVD-19) outbreak.

The Families First Coronavirus Response Act

The U.S. Department of Labor (DOL) issued new guidance regarding the Families First Coronavirus Response Act (FFCRA), including important definitions and clarifications. 

COVID-19 and the Fair Labor Standards Act

In light of the spread of COVID-19 in the United States, the Department of Labor (DOL) has published answers to frequently asked questions on how employers can stay in compliance with the federal Fair Labor Standards Act (FLSA), which regulates wage and hour conditions for employees.

View all Sentinel Alerts

Coronavirus-related Distributions and Loans Procedures

These articles detail the Coronavirus-related loan and distribution processes when Sentinel is acting as a plan’s recordkeeper. Not all plans will have the CARES Act loans and distributions enabled as this is a Plan Sponsor decision.

Insurance Carrier Information

Find information your insurance carrier has made available regarding COVID-19.

Top HR Metrics to Track During COVID-19

Are you tracking the key pieces of HR data that can help you best support your employees and business during this challenging time?

Maintaining Employee Morale While You're Remote

As employees everywhere are working from home full-time, or at least much more than usual, a lot of people are experiencing high levels of anxiety and stress, with noticeable impact on their ability to focus on work.

Communicate openly, honestly, and often.

It is still unclear how long this pandemic will last and how devastating it will ultimately be. Research indicates that companies can help reduce uncertainty by communicating openly and honestly with employees. Information sharing is often seen as an indicator of trust. Managers who are open are also likely to be seen as more credible and trustworthy. Video conferencing with face-to-face interaction is best. 
 

Be flexible.

Working from home can mean working long hours and off-hours for some. Allowing flexibility can make a big difference. Think about offering an extra PTO day to relieve stress and avoid burnout. Well-rested, happy employees are more productive employees.

 

Help employees see this difficult time as an opportunity to grow, develop, and help others.

Reactions to job stressors are often a matter of perception. In particular, when employees view stressful situations as a challenge, they tend to exhibit greater motivation and performance; however, when those stress factors are seen as a hindrance or obstacle to achieving their goals, employees’ motivation and performance tend to suffer. Employees are especially likely to feel hindered by things like unclear objectives, conflicting requests, red tape, organizational politics, and other hassles.
 

Offer virtual meet-ups, happy hours, or a workout class.

Maintaining social interaction is key. Taking outdoor breaks and getting exercise is crucial to productivity. Many gyms have shifted to virtual workout programs. A company-sponsored weekly workout is one way to get people moving and stay connected. 
 

Balancing Working from Home and Caregiving Responsibilities

For many across the country, working from home is their new reality for the foreseeable future as the COVID-19 pandemic continues to spread rapidly. For some, this arrangement is business as usual. But for others, including parents and caregivers, they now face the difficult task of balancing their working from home and caregiving responsibilities.

Watch our recent webinar on managing your personal economy:

Six Keys to More Successful Investing

A successful investor maximizes gain and minimizes loss. Though there can be no guarantee that any investment strategy will be successful and all investing involves risk, including the possible loss of principal, here are six basic principles that may help you invest more successfully.

A COVID-19 Financial Survival Kit for Your Employees

This resource may help your employees navigate the COVID-19 crisis with confidence.

View financial wellness articles and videos in the Health + Wealth Hub

Sentinel Benefits Business Continuity Plan

We want to assure you that we are committed to providing continued service to you and your employees throughout the duration of the Coronavirus outbreak. While our employees have not been directly affected by the virus at this time, we are closely monitoring developments and CDC recommendations and we have plans in place to ensure business continuity.

We will, of course, get through this.

However, things are going to change. Companies that can adjust will do well, those that don’t are going to struggle. We are here and ready to have these discussions with you.