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June 30th, 2020 Information & Insights for the 403(b) Community All Eyes on Financial Markets How to act prudently during unforeseen economic volatility. COVID-19 Compliance Corner: IRS Expands CRD Eligibility and Clarifies Loan Rules Each week, Carol Buckmann, with Cohen & Buckmann P.C., will explain legislative provisions or official guidance related to the COVID-19 pandemic that affect retirement and health plan sponsors. Ask the Experts Has Repayment Period Been Extended for Loans Under CARES Act? “I understand that, under the CARES Act if a participant is qualified under the stated COVID-19 reasons specified in the Act, he/she can borrow 100% of his/her vested account balance up to $100,000. But has the repayment period been extended for such a large loan? Seems odd that such a large amount would be required to be repaid over five years.” COVID-19 Tests the Limits of ‘Wellness’ Virus-related money woes call for improving workers’ financial education. Retirement on a 2-Legged Stool Public employees without Social Security would benefit from a DC plan, financial wellness education. Empower to Acquire Digital Adviser Personal Capital The acquisition creates a comprehensive financial wellness solution for retirement plan participants that takes into account their full financial picture. Did someone forward you this newsletter? Sign up here to get (b)lines directly in your mailbox! Unsubscribe | Manage Subscriptions | Contact Us Copyright ©2024 Asset International, Inc. All rights reserved. No reproduction without prior authorization. Modern Slavery Statement 2022 | Do Not Sell My Personal Information | Privacy (including cookies), Social Media & Legal 702 King Farm Boulevard, Suite 400, Rockville, MD 20850