CARES Act – Retirement Plan Provisions for Employers and Plan Administrators

March 27, 2020

The Coronavirus Aid, Relief, and Economic Security Act (H.R. 748), known as the CARES Act, was enacted on March 27, 2020. This legislation contains several important provisions for employers and plan administrators regarding their retirement plans. Our alert discusses special withdrawal, loan, and required minimum distribution provisions in the CARES Act, as well as provisions regarding the timing of minimum required contributions to defined benefit plans and changes regarding funding-based restrictions under IRC §436.

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