The new CARES Act includes defined contribution retirement plan provisions that will allow individuals impacted by the COVID-19 disease increased access to retirement savings. This short audiocast team walks plan sponsors through the provisions of the new Act affecting employer-sponsored retirement plans. The provisions include ways for participants to access funds in their retirement plan for coronavirus-related distributions and expanded loan provisions, plus much more.
For a resource providing a breakdown (it's also downloadable to take with you) of the provisions related to DC retirement plans, click the button below.
You can also access all of our materials related to the COVID-19 pandemic on our new resources page dedicated to keeping plan sponsors informed on this evolving landscape. Click here to view our COVID-19 fiduciary resources page.