On May 4, 2020, the IRS published “Coronavirus-Related Relief for Retirement Plans and IRAs Questions and Answers,” providing interpretive guidance for plan administrators, employers, and plan participants on the retirement...more
The changes in employment status due to the COVID-19 pandemic range from reduced hours, to furlough, to layoff, to leave of absence to employment termination. A chief concern for both employers and employees is how a change...more
The CARES Act contains several provisions impacting employer-sponsored individual account retirement plans (such as 401(k) plans, 403(b) plans, qualified profit sharing plans and governmental 457(b) plans), which are...more