The Impact of COVID-19 on Your Retirement Plan

webinar recording

 

The Impact of COVID-19 on Your Retirement Plan

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The spreading COVID-19 pandemic is materially impacting nearly every aspect of life. Some industries are facing immediate reductions in revenue, hours worked, and even headcount, while others are pressed with staff addressing the increased demand created by the pandemic. Additionally, markets are experiencing rarely seen levels of daily volatility. Participants are worried about this volatility and most providers have pulled back educators to reduce the likelihood of community spread. Last, many recordkeeper partners have moved to remote workers during this time. How can plan sponsors ensure critical deadlines are met in the current environment?

In this webinar, leaders from the firm’s Investment Committee, Technical Services Committee, and Vendor Services Committee cover:

  • Current Market Conditions Brought About by COVID-19
  • Tips for Addressing Participant Concerns About Market Volatility
  • Impact of Reduced Hours / Headcount on Plan Operation
  • Plan Document Compliance
  • Viable Tools to Conserve Cash During the Outbreak
  • Importance of Fiduciary Continuity
  • Partnering with Your Service Provider and Upcoming Deadlines

You can also watch this recording our Multnomah Group YouTube Channel.