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Calculating Paycheck Protection Program (PPP) retirement contributions

Let’s plan for the worst (no guidance from Treasury) and hope for the best. Meanwhile, here are some ideas to consider.

By Mark Welker | May 27, 2020 at 04:21 PM

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We are getting a lot of questions regarding the amount of retirement contributions paid during the qualifying period for the forgiveness calculation. This is in regards to the Paycheck Protection Program (PPP) in the recent CARES Act:

Will a contribution for the 2019 plan year count toward forgiveness? Will a contribution for a full year count, or will some proration apply to account for the 8/52 weeks concept?

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