Impact of the Economic Downturn on Defined Contribution Plans

The Wagner Law Group P.C.

The current volatility in the economy due to the Coronavirus has created pressing issues for defined contribution plans impacting day-to-day plan operations, plan administration and fiduciary matters. These issues relate to the impact of layoffs, temporary layoffs and furloughs, in-service distributions, loans, nondiscrimination testing, employer contributions, plan investments as well as plan terminations and partial terminations.

Please join us, with speakers Jon Schultze and Stephen Wilkes, for an important and informative discussion of each of these categories and the related range of considerations.

The following issues will be covered:

• Impact of furloughs and layoffs
• In service distributions and loans
• CARES Act changes
• Employer contributions
• Plan investments
• Fiduciary duties

Webinar Objectives:
This program will include a discussion of applicable law, the impact on the administration and operation of defined contribution plans, and reasonable steps that employers can consider taking to mitigate their potential fiduciary exposure.

Speakers:

• Jon Schultze, Partner, The Wagner Law Group
• Stephen Wilkes, Partner, The Wagner Law Group

PowerPoint presentation available here

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