By acting quickly and documenting changes, benefit executives can help employees and keep retirement plans in compliance.
What can be done to help Americans out of work? As Republicans and Democrats continue to butt heads, the answer might take a while to emerge.
Two executives said that, while they themselves wouldn't judge, taking a PPP loan could complicate future M&A deals.
Let's plan for the worst (no guidance from Treasury) and hope for the best. Meanwhile, here are some ideas to consider.
Getting lost in the news cycle are the important changes that have been made to a variety of health care benefits that impact people in real ways.
Though the enforcement probe is focused on public firms, advisors could be questioned on PPP loans in their next exam, a lawyer says.
In the era of the defined contribution plan, participants have been set loose to make their own financial decisions. Is that healthy?
Formal guidance expected to be issued in near future.
The SBA's assertion that it will not challenge the good-faith certification on loans under $2 million has sparked debate.
Employers can now help their employees pay down student debt faster and save a significant amount of money on student loan interest.
Trending Stories
- 1Parental Burnout: Strategies for a Healthier, More Engaged Workforce
- 2UnitedHealth CEO to testify before Congress about cyberattack that could cost firm $1.6B
- 3FTC, DOJ, HHS launch health care antitrust portal for unfair competition 'complaints'
- 4What President Biden's paid leave proposal means for HR teams
- 5UnitedHealth admits ransom was paid to bad actors, 'substantial' data stolen in hack
{
"data": {
"slug": "the-cares-act",
"title": "How to Navigate the CARES Act",
"type": "regulated insights",
"packageUrl": "",
"summary": "",
"cssFile": "",
"imageUrl": "",
"mediaUrl": "",
"blurb": "",
"articles": [
{
"uri": "/2020/06/05/cares-act-5-areas-sponsors-should-focus-on-to-help-retirement-plan-participants/",
"title": "CARES Act: 5 areas sponsors should focus on to help retirement plan participants",
"summary": "By acting quickly and documenting changes, benefit executives can help employees and keep retirement plans in compliance.",
"byline": "Linde Murphy",
"kicker": "Commentary",
"tags": [],
"prettyDate": "June 05, 2020",
"wordcount": "849",
"timeToRead": "5 minute",
"readtime": "5",
"authors": [
{
"webUrl": "/author/profile/linde-murphy/",
"name": "Linde Murphy"
}
],
"kickerNode": [
{
"uri": "/commentary/",
"sectionName": "Commentary"
}
],
"primaryCategory": {
"channelName": "",
"sectionName": "",
"uri": ""
},
"image": {
"uri": "https://images.benefitspro.com/contrib/content/uploads/sites/412/2020/06/advisor-woman-business.jpg",
"width": "617",
"height": "436"
}
},
{
"uri": "/2020/06/02/will-congress-allow-a-key-cares-act-unemployment-benefit-to-extend-or-expire/",
"title": "Will Congress allow a key CARES Act unemployment benefit to extend or expire?",
"summary": "What can be done to help Americans out of work? As Republicans and Democrats continue to butt heads, the answer might take a while to emerge.",
"byline": "Richard Binder",
"kicker": "News",
"tags": [],
"prettyDate": "June 02, 2020",
"wordcount": "570",
"timeToRead": "3 minute",
"readtime": "3",
"authors": [
{
"webUrl": "/author/profile/richard-binder/",
"name": "Richard Binder"
}
],
"kickerNode": [
{
"uri": "/news/",
"sectionName": "News"
}
],
"primaryCategory": {
"channelName": "",
"sectionName": "",
"uri": ""
},
"image": {
"uri": "https://images.benefitspro.com/contrib/content/uploads/sites/412/2020/06/Impeachment-Trial-Article-202006011653.jpg",
"width": "558",
"height": "372"
}
},
{
"uri": "/2020/05/28/ppp-loans-could-haunt-advisors-412-98819/",
"title": "PPP loans could haunt advisors",
"summary": "Two executives said that, while they themselves wouldn't judge, taking a PPP loan could complicate future M&A deals.",
"byline": "Jeff Berman",
"kicker": "Analysis",
"tags": [
"canonical:https://www.thinkadvisor.com/2020/05/28/ppp-loans-could-haunt-advisors"
],
"prettyDate": "May 28, 2020",
"wordcount": "1006",
"timeToRead": "6 minute",
"readtime": "6",
"authors": [
{
"webUrl": "/author/profile/jeff-berman/",
"name": "Jeff Berman"
}
],
"kickerNode": [
{
"uri": "/analysis/",
"sectionName": "Analysis"
}
],
"primaryCategory": {
"channelName": "",
"sectionName": "",
"uri": ""
},
"image": {
"uri": "https://images.benefitspro.com/contrib/content/uploads/sites/412/2020/05/835-liar-184003699-616x372-TS.jpg",
"width": "616",
"height": "372"
}
},
{
"uri": "/2020/05/27/calculating-paycheck-protection-program-ppp-retirement-contributions/",
"title": "Calculating Paycheck Protection Program (PPP) retirement contributions",
"summary": "Let's plan for the worst (no guidance from Treasury) and hope for the best. Meanwhile, here are some ideas to consider.",
"byline": "Mark Welker",
"kicker": "Commentary",
"tags": [],
"prettyDate": "May 27, 2020",
"wordcount": "1083",
"timeToRead": "6 minute",
"readtime": "6",
"authors": [
{
"webUrl": "/author/profile/mark-welker/",
"name": "Mark Welker"
}
],
"kickerNode": [
{
"uri": "/commentary/",
"sectionName": "Commentary"
}
],
"primaryCategory": {
"channelName": "",
"sectionName": "",
"uri": ""
},
"image": {
"uri": "https://images.benefitspro.com/contrib/content/uploads/sites/412/2020/05/money-rules-laws-fiduciary.jpg",
"width": "617",
"height": "399"
}
},
{
"uri": "/2020/05/15/5-ways-the-cares-act-affects-hsas-fsas-and-hras/",
"title": "5 ways the CARES Act affects HSAs, FSAs and HRAs",
"summary": "Getting lost in the news cycle are the important changes that have been made to a variety of health care benefits that impact people in real ways.",
"byline": "Jeff Strong",
"kicker": "",
"tags": [],
"prettyDate": "May 15, 2020",
"wordcount": "718",
"timeToRead": "4 minute",
"readtime": "4",
"authors": [
{
"webUrl": "/author/profile/jeff-strong/",
"name": "Jeff Strong"
}
],
"kickerNode": [],
"primaryCategory": {
"channelName": "",
"sectionName": "",
"uri": ""
},
"image": {
"uri": "https://images.benefitspro.com/contrib/content/uploads/sites/412/2020/05/shutterstock_1695151384-1.jpg",
"width": "750",
"height": "500"
}
},
{
"uri": "/2020/05/14/sec-launches-sweep-of-ppp-loans-412-98202/",
"title": "SEC launches PPP loan sweep of public companies",
"summary": "Though the enforcement probe is focused on public firms, advisors could be questioned on PPP loans in their next exam, a lawyer says.",
"byline": "Melanie Waddell",
"kicker": "News",
"tags": [
"canonical:https://www.thinkadvisor.com/2020/05/14/sec-launches-sweep-of-ppp-loans"
],
"prettyDate": "May 14, 2020",
"wordcount": "339",
"timeToRead": "2 minute",
"readtime": "2",
"authors": [
{
"webUrl": "/author/profile/melanie-waddell/",
"name": "Melanie Waddell"
}
],
"kickerNode": [
{
"uri": "/news/",
"sectionName": "News"
}
],
"primaryCategory": {
"channelName": "",
"sectionName": "",
"uri": ""
},
"image": {
"uri": "https://images.benefitspro.com/contrib/content/uploads/sites/412/2020/05/secbuildinghqnljmi.jpg",
"width": "616",
"height": "372"
}
},
{
"uri": "/2020/05/14/are-politicians-helping-workers-by-letting-them-borrow-more-from-their-401ks/",
"title": "Are politicians helping workers by letting them borrow more from their 401(k)s?",
"summary": "In the era of the defined contribution plan, participants have been set loose to make their own financial decisions. Is that healthy?",
"byline": "C.J. Marwitz",
"kicker": "Commentary",
"tags": [],
"prettyDate": "May 14, 2020",
"wordcount": "852",
"timeToRead": "5 minute",
"readtime": "5",
"authors": [
{
"webUrl": "/author/profile/cj-marwitz/",
"name": "C.J. Marwitz"
}
],
"kickerNode": [
{
"uri": "/commentary/",
"sectionName": "Commentary"
}
],
"primaryCategory": {
"channelName": "",
"sectionName": "",
"uri": ""
},
"image": {
"uri": "https://images.benefitspro.com/contrib/content/uploads/sites/412/2020/05/financial-wellness-crop-600x338-stethscope.jpg",
"width": "600",
"height": "338"
}
},
{
"uri": "/2020/05/15/irs-posts-qas-on-cares-act-provisions-for-retirement-plan-distributions-loans/",
"title": "IRS posts Q&As on CARES Act provisions for retirement plan distributions, loans",
"summary": "Formal guidance expected to be issued in near future.",
"byline": "Rob Browning",
"kicker": "Commentary",
"tags": [],
"prettyDate": "May 15, 2020",
"wordcount": "1010",
"timeToRead": "6 minute",
"readtime": "6",
"authors": [
{
"webUrl": "/author/profile/rob-browning/",
"name": "Rob Browning"
}
],
"kickerNode": [
{
"uri": "/commentary/",
"sectionName": "Commentary"
}
],
"primaryCategory": {
"channelName": "",
"sectionName": "",
"uri": ""
},
"image": {
"uri": "https://images.benefitspro.com/contrib/content/uploads/sites/412/2020/05/09-internal-revenue-building-irs-diego-m-radzinschi-alm.jpg",
"width": "617",
"height": "411"
}
},
{
"uri": "/2020/05/15/does-new-ppp-loan-guidance-give-borrowers-a-license-to-steal-412-98285/",
"title": "Does new PPP loan guidance give borrowers a license to steal?",
"summary": "The SBA's assertion that it will not challenge the good-faith certification on loans under $2 million has sparked debate.",
"byline": "Melanie Waddell",
"kicker": "News",
"tags": [
"canonical:https://www.thinkadvisor.com/2020/05/14/does-new-ppp-loan-guidance-give-borrowers-a-license-to-steal"
],
"prettyDate": "May 15, 2020",
"wordcount": "801",
"timeToRead": "5 minute",
"readtime": "5",
"authors": [
{
"webUrl": "/author/profile/melanie-waddell/",
"name": "Melanie Waddell"
}
],
"kickerNode": [
{
"uri": "/news/",
"sectionName": "News"
}
],
"primaryCategory": {
"channelName": "",
"sectionName": "",
"uri": ""
},
"image": {
"uri": "https://images.benefitspro.com/contrib/content/uploads/sites/412/2020/05/05_Money_Cash_Dollars_MI.jpg",
"width": "616",
"height": "372"
}
},
{
"uri": "/2020/05/12/student-debt-repayment-and-the-cares-act-what-to-know/",
"title": "Student debt repayment and the CARES Act: What to know",
"summary": "Employers can now help their employees pay down student debt faster and save a significant amount of money on student loan interest.",
"byline": "Tara Fung",
"kicker": "Expert Opinion",
"tags": [
"Sponsor:Coronavirus"
],
"prettyDate": "May 12, 2020",
"wordcount": "959",
"timeToRead": "5 minute",
"readtime": "5",
"authors": [
{
"webUrl": "/author/profile/tara-fung/",
"name": "Tara Fung"
}
],
"kickerNode": [
{
"uri": "/expert-opinion/",
"sectionName": "Expert Opinion"
}
],
"primaryCategory": {
"channelName": "",
"sectionName": "",
"uri": ""
},
"image": {
"uri": "https://images.benefitspro.com/contrib/content/uploads/sites/412/2019/07/Student-Loans-shutstock.jpg",
"width": "625",
"height": "411"
}
},
{
"uri": "/2020/04/22/employer-compliance-beyond-cares-andffrca-dont-forget-the-basics/",
"title": "Employer compliance beyond CARES and FFRCA: Don't forget the basics",
"summary": "There are a number of issues simmering in the employee benefits pot beneath the FFCRA and CARES Act that employers should watch.",
"byline": "Nicholas Bonds",
"kicker": "Best Practices",
"tags": [
"Sponsor:Coronavirus"
],
"prettyDate": "April 22, 2020",
"wordcount": "1387",
"timeToRead": "7 minute",
"readtime": "7",
"authors": [
{
"webUrl": "/author/profile/nicholas-bonds/",
"name": "Nicholas Bonds"
}
],
"kickerNode": [
{
"uri": "/best-practices/",
"sectionName": "Best Practices"
}
],
"primaryCategory": {
"channelName": "",
"sectionName": "",
"uri": ""
},
"image": {
"uri": "https://images.benefitspro.com/contrib/content/uploads/sites/412/2018/02/shutterstock_396042991-compliance.jpg",
"width": "700",
"height": "477"
}
},
{
"uri": "/2020/04/10/a-cares-act-primer-for-agents-and-advisors-412-96346/",
"title": "CARES Act: A primer for agents and advisors",
"summary": "Here's a program that could help your clients. And, maybe, you.",
"byline": "Lloyd Lofton",
"kicker": "Commentary",
"tags": [
"canonical:https://www.thinkadvisor.com/2020/04/08/a-cares-act-primer-for-agents-and-advisors",
"Coronavirus"
],
"prettyDate": "April 10, 2020",
"wordcount": "922",
"timeToRead": "5 minute",
"readtime": "5",
"authors": [
{
"webUrl": "/author/profile/lloyd-lofton/",
"name": "Lloyd Lofton"
}
],
"kickerNode": [
{
"uri": "/commentary/",
"sectionName": "Commentary"
}
],
"primaryCategory": {
"channelName": "",
"sectionName": "",
"uri": ""
},
"image": {
"uri": "https://images.benefitspro.com/contrib/content/uploads/sites/412/2018/10/01-take-step-begin-business-man.jpg",
"width": "620",
"height": "412"
}
},
{
"uri": "/2020/05/12/the-cares-act-demonstrates-need-for-emergency-savings-within-retirement-funds/",
"title": "The CARES Act demonstrates need for emergency savings within retirement funds",
"summary": "As the floodgates open and workers tap into retirement savings, it's time for HR leaders to request new solutions for liquid savings.",
"byline": "Nick Maynard",
"kicker": "Commentary",
"tags": [],
"prettyDate": "May 12, 2020",
"wordcount": "864",
"timeToRead": "5 minute",
"readtime": "5",
"authors": [
{
"webUrl": "/author/profile/nick-maynard/",
"name": "Nick Maynard"
}
],
"kickerNode": [
{
"uri": "/commentary/",
"sectionName": "Commentary"
}
],
"primaryCategory": {
"channelName": "",
"sectionName": "",
"uri": ""
},
"image": {
"uri": "https://images.benefitspro.com/contrib/content/uploads/sites/412/2020/05/golden-egg-broken.jpg",
"width": "616",
"height": "411"
}
},
{
"uri": "/2020/04/16/business-tax-relief-provided-by-the-cares-act/",
"title": "Business tax relief provided by the CARES Act",
"summary": "Want more information about the employee retention credit or employer payroll tax deferral? Look no further.",
"byline": "John Eagan and L. Stephen Bowers",
"kicker": "Expert Opinion",
"tags": [
"Coronavirus",
"Sponsor:Coronavirus"
],
"prettyDate": "April 16, 2020",
"wordcount": "1584",
"timeToRead": "8 minute",
"readtime": "8",
"authors": [
{
"webUrl": "/author/profile/john-eagan/",
"name": "John Eagan"
},
{
"webUrl": "/author/profile/l-stephen-bowers/",
"name": "L. Stephen Bowers"
}
],
"kickerNode": [
{
"uri": "/expert-opinion/",
"sectionName": "Expert Opinion"
}
],
"primaryCategory": {
"channelName": "",
"sectionName": "",
"uri": ""
},
"image": {
"uri": "https://images.benefitspro.com/contrib/content/uploads/sites/412/2020/01/TaxForm.jpg",
"width": "616",
"height": "372"
}
},
{
"uri": "/2020/05/05/what-retirement-plan-sponsors-and-participants-need-to-know-about-the-cares-act/",
"title": "What retirement plan sponsors and participants need to know about the CARES Act",
"summary": "Important points plan sponsors need to carefully review to determine how to proceed.",
"byline": "Beth Garner",
"kicker": "Commentary",
"tags": [],
"prettyDate": "May 05, 2020",
"wordcount": "1444",
"timeToRead": "8 minute",
"readtime": "8",
"authors": [
{
"webUrl": "/author/profile/beth-garner/",
"name": "Beth Garner"
}
],
"kickerNode": [
{
"uri": "/commentary/",
"sectionName": "Commentary"
}
],
"primaryCategory": {
"channelName": "",
"sectionName": "",
"uri": ""
},
"image": {
"uri": "https://images.benefitspro.com/contrib/content/uploads/sites/412/2020/05/washington-dc-black-white-shutterstock.jpg",
"width": "620",
"height": "403"
}
},
{
"uri": "/2020/04/22/are-small-businesses-getting-a-fair-shake-through-ppp/",
"title": "Are small businesses getting a fair shake through PPP?",
"summary": "Second tranche of loans may go even quicker than first.",
"byline": "Nick Thornton",
"kicker": "Market Insights",
"tags": [
"Coronavirus",
"Sponsor:Coronavirus"
],
"prettyDate": "April 22, 2020",
"wordcount": "876",
"timeToRead": "5 minute",
"readtime": "5",
"authors": [
{
"webUrl": "/author/profile/nick-thornton/",
"name": "Nick Thornton"
}
],
"kickerNode": [
{
"uri": "/market-insights/",
"sectionName": "Market Insights"
}
],
"primaryCategory": {
"channelName": "",
"sectionName": "",
"uri": ""
},
"image": {
"uri": "https://images.benefitspro.com/contrib/content/uploads/sites/412/2020/04/money-ben-franklin-covid.jpg",
"width": "620",
"height": "410"
}
},
{
"uri": "/2020/03/17/expanded-paid-sick-leave-requirements-under-the-families-first-coronavirus-response-act/",
"title": "Expanded paid sick leave requirements under the Families First Coronavirus Response Act",
"summary": "If passed, the bill would extend far beyond the reach of existing federal leave laws and create additional leave requirements for employers who already offer paid sick leave.",
"byline": "Philip Qualo",
"kicker": "Expert Opinion",
"tags": [
"Sponsor:Coronavirus"
],
"prettyDate": "March 17, 2020",
"wordcount": "1154",
"timeToRead": "6 minute",
"readtime": "6",
"authors": [
{
"webUrl": "/author/profile/philip-qualo/",
"name": "Philip Qualo"
}
],
"kickerNode": [
{
"uri": "/expert-opinion/",
"sectionName": "Expert Opinion"
}
],
"primaryCategory": {
"channelName": "",
"sectionName": "",
"uri": ""
},
"image": {
"uri": "https://images.benefitspro.com/contrib/content/uploads/sites/412/2019/03/PaidLeave-1.jpg",
"width": "650",
"height": "469"
}
},
{
"uri": "/2020/05/06/6-faqs-about-the-families-first-coronavirus-response-act-for-employers/",
"title": "6 FAQs about the Families First Coronavirus Response Act for employers",
"summary": "There's a lot to know about the FFCRA. Here are the key takeaways.",
"byline": "Ulises I. Orozco",
"kicker": "Expert Opinion",
"tags": [
"Sponsor:Coronavirus"
],
"prettyDate": "May 06, 2020",
"wordcount": "1248",
"timeToRead": "7 minute",
"readtime": "7",
"authors": [
{
"webUrl": "/author/profile/ulises-i-orozco/",
"name": "Ulises I. Orozco"
}
],
"kickerNode": [
{
"uri": "/expert-opinion/",
"sectionName": "Expert Opinion"
}
],
"primaryCategory": {
"channelName": "",
"sectionName": "",
"uri": ""
},
"image": {
"uri": "https://images.benefitspro.com/contrib/content/uploads/sites/412/2019/07/CompliancePolicies.jpg",
"width": "619",
"height": "413"
}
}
],
"navigations": [],
"sponsors": []
}
}