On Friday, June 19, 2020, the IRS released Notice 2020-50 which provides additional guidance regarding the coronavirus-related distributions (“CRDs”) and coronavirus-related loans and loan repayment delays (“CR Loan Relief”)...more
6/25/2020
/ CARES Act ,
Coronavirus/COVID-19 ,
Distribution Rules ,
Employee Benefits ,
Federal Loans ,
Paycheck Protection Program (PPP) ,
Popular ,
Relief Measures ,
Retirement Plan ,
Safe Harbors ,
SBA Lending Programs
On March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), which addresses the public economic and health crisis related to the 2019 novel coronavirus (COVID-19)....more
3/31/2020
/ CARES Act ,
Coronavirus/COVID-19 ,
Corporate Counsel ,
Distribution Rules ,
Employee Benefits ,
Financial Stimulus ,
Pensions ,
Relief Measures ,
Required Minimum Distributions ,
Retirement Plan ,
Waivers
On September 23, 2019 the Internal Revenue Service (“IRS”) issued final regulations amending the rules for hardship distributions from 401(k) and 403(b) plans (the “Final Regulations”)....more
10/10/2019
/ 401k ,
403(b) Plans ,
Bipartisan Budget Act ,
Distribution Rules ,
Employee Benefits ,
Final Rules ,
Hardship Distributions ,
IRS ,
QMAC ,
QNEC ,
Regulatory Requirements ,
Retirement Plan ,
Safe Harbors