What you need to know about IRS guidance on CARES Act retirement plan provisions

Considerations for plan sponsors who are thinking about offering the new provisions, as well as those who already have.

By David C. Olstein, Austin Lilling, Brian Friederich, Abbey Keppler | June 16, 2020 at 11:53 AM

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The Internal Revenue Service recently released a list of frequently asked questions and answers addressing various issues related to the retirement plan distribution and loan provisions of the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), enacted on March 27, 2020. In this article, we highlight the most significant guidance contained in the FAQs.

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