CARES Act – Retirement Plan Provisions for Employers and Plan Administrators

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The Coronavirus Aid, Relief, and Economic Security Act (H.R. 748), known as the CARES Act, was enacted today. This legislation contains several important provisions for employers and plan administrators regarding their retirement plans. Our alert discusses special withdrawal, loan, and required minimum distribution provisions in the CARES Act, as well as provisions regarding the timing of minimum required contributions to defined benefit plans and changes regarding funding-based restrictions under IRC §436.

Please see full publication below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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