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As the COVID-19 pandemic continues its course, companies arecutting costs and working hard to stay in business. It is adifficult situation for everyone, but plan sponsors have the burdenof evaluating COVID-19's impact on their organizations as well astheir employees.

In late March, Congress provided plan sponsors and participantssome much-needed support through the $2 trillion Coronavirus Aid,Relief and Economic Security (CARES) Act. The act provides directfinancial aid to millions of Americans as well as companies of allsizes. It includes several provisions that give retirement planparticipants increased access to assets in their 401(k), 403(b),individual retirement account (IRA) and other qualified retirementaccounts.

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