Benefit Plan Relief for Plan Sponsors and Participants
The Coronavirus Aid, Relief and Economic Security (CARES) Act and The SECURE Act include several retirement plan provisions benefiting plan sponsors and participants and their families. The IRS recently issued guidance in the form of a Q&A relating to retirement plans and the CARES Act. We’ve summarized the key plan provisions from both Acts as well as new cafeteria plan guidance that may impact you.
For additional information relating to any of the above employee benefit plan provisions, please contact your BMF Advisor to discuss the best options for your needs. Visit our COVID-19 Resource Center for additional information and resources for you and your business.
Cindy H. Mitchell?>
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