CARES Act Archives | PLANSPONSOR

Benefits | October 13th, 2023

Workers’ Emergency Savings Shortage Showing in Shaky Retirement Security

Fidelity Investments has revealed several best practices for employers to incorporate, bolstering access to emergency savings options and to limit...

Ask the Experts | January 24th, 2023

How Does SECURE 2.0 Affect The Due Date for SECURE and CARES Act Plan Amendments?

Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.

Compliance | November 23rd, 2022

A Time For Plan Sponsors To Complete 2022 Year-End Amendments and Operational Compliance

Late November means Thanksgiving and colder temperatures, and for retirement plan sponsors—detailed in blog post by Groom Law Group—the time...

Participants | January 27th, 2022

Participant Call Volumes and Website Visits Spike in January

Recordkeepers say that, historically, retirement plan participants reassess their retirement savings and readiness picture at the beginning of the year.

Compliance | February 25th, 2021

CARES Act Considerations: CRDs, RMDs, Taxes and More

Between retirement reforms first created by the SECURE Act and then updated by the CARES Act, there is a lot...

Ask the Experts | February 9th, 2021

What If a Participant Received a CRD After December 31?

Experts from Groom Law Group and Cammack Retirement Group answer questions concerning retirement plan administration and regulations.

Ask the Experts | December 1st, 2020

Deadline to Amend Plan for CARES Act Loan Provision

Experts from Groom Law Group and Cammack Retirement Group answer questions concerning retirement plan administration and regulations.

Compliance | November 23rd, 2020

IRS Modifies CARES Act Due Date for DB Plan Contributions

The extended due date for contributions could help plan sponsors reduce PBGC variable rate premiums.

Compliance | November 23rd, 2020

IRS Publishes 2020 Required Amendments List

There are no changes in requirements that generally require an amendment, but there are two changes that may require one.

Benefits | November 19th, 2020

What Happens When Student Loan Payment Deferral Ends?

Employers can steer employees to help when they have to restart student loan debt repayments, and there is hope that...

Compliance | November 4th, 2020

Best of PSNC 2020: Legislative and Regulatory Update

Speakers discussed the SECURE Act, the CARES Act and the DOL’s guidance on ESG during the first day of the...

Compliance | September 21st, 2020

PSNC 2020: Legislative and Regulatory Update Part I

Speakers primarily discussed what responsibilities the CARES Act has put on the shoulders of plan sponsors.

Compliance | September 21st, 2020

PSNC 2020: What’s Next?

This year’s conference opened with a lively discussion about the changes plan sponsors are experiencing, the new issues to which...

Participants | September 11th, 2020

Few Individuals Expected to Dip Into Retirement Accounts

Even as Congress fails to enact new relief legislation, experts say they do not suspect defined contribution (DC) plan withdrawals...

Opinions | August 31st, 2020

COVID-19 Compliance Corner: IRS Clarifies Rules for Delayed DB Plan Contributions

Carol Buckmann, with Cohen & Buckmann P.C., explains legislative provisions or official guidance related to the COVID-19 pandemic that affect...

Ask the Experts | August 18th, 2020

Clarification of the Legislative Changes Made for RMDs

Experts from Groom Law Group and Cammack Retirement Group answer questions concerning retirement plan administration and regulations.

Compliance | August 7th, 2020

Stimulus Bill Projections May Impact Long-Term Savings

As both Senate and House proposals would pump trillions of dollars into the economy to aid staggering unemployment figures, concerns...

Benefits | August 3rd, 2020

EBRI Says CARES Act Distributions Could Have Lasting Consequences

The report highlights how a loan or distribution option under the CARES Act can affect employees.

Administration | July 29th, 2020

CARES Act Special Considerations for 403(b) Plans

Participants invested in annuity contracts may face charges for distributions and limits on amounts they can take as a distribution...

Ask the Experts | July 14th, 2020

Can Other Distributions Be Treated as Coronavirus-Related Distributions?

Experts from Groom Law Group and Cammack Retirement Group answer questions concerning retirement plan administration and regulations.

Tag: CARES Act