What does the federal government’s COVID-19 Response legislation mean to retirement plans?
The recently passed Coronavirus Aid, Relief, and Economic Security Act or the CARES Act, contains relief and assistance for qualified retirement plans and their participants. These retirement plan enhancements include dramatically expanded hardship distribution provisions, significantly larger participant loans and numerous other features that plan sponsors should be aware of.
HBKS Retirement Plan Group’s, National Practice Leader, Dean Piccirillo, CFP®, CRPS®, AIFA®, Retirement Plan Manager, Rod Diaz, CRPS®, AIFA® and Bob McNulty, CPC. Mr. McNulty is the President of M2B Retirement Plan Consulting, LLC, a national third-party retirement plan administrator explain in this webinar.