On June 19th, the IRS issued Notice 2020-50, which provided expanded guidance for eligibility for Coronavirus-Related Distributions (CRDs) and the CARES Act participant loan rules. We have had many inquiries [...]
The SECURE Act “Setting Every Community Up for Retirement Enhancement” was signed into law December 20, 2019, with most provisions effective for plan years beginning in 2020. Here are two [...]
On June 29th, the IRS issued Notice 2020-52 to grant mid-year Safe Harbor (SH) relief for employers during the COVID-19 pandemic. The Notice permits employers to suspend or reduce SH [...]