Commentary

CARES Act: 5 areas sponsors should focus on to help retirement plan participants
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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