The CARES ACT has many facets of support intended to aid small businesses and their employees. Specific to 401k, the act is intended to loosen access to retirement plan funds for individuals impacted by the COVID-19 pandemic. Employers will soon be fielding many questions from plan participants regarding access to retirement savings due to the immediate financial impact that individuals are facing. Prepare by tuning into this webinar and gain an understanding around options and impacts including early withdrawal, hardship distributions, plan loan limits, contribution options and more.
What we’ll cover:
What Relief the CARES ACT provides specific to 401k
What Plan Sponsors Need to Know
– Safe Harbor
– Layoff vs. Furlough impacts
– Plan termination & plan amendments
The Big Picture
– What are the market models telling us?
