Cynchbeast Posted April 27, 2020 Posted April 27, 2020 Does the temporary $100,000 loan limit (from the CARES act) apply to Defined Benefit plans?
C. B. Zeller Posted April 27, 2020 Posted April 27, 2020 Yes. CARES increased the limits of 72(p) and DB plans are permitted to allow loans under 72(p). Free advice is worth what you paid for it. Do not rely on the information provided in this post for any purpose, including (but not limited to): tax planning, compliance with ERISA or the IRC, investing or other forms of fortune-telling, bird identification, relationship advice, or spiritual guidance. Corey B. Zeller, MSEA, CPC, QPA, QKA Preferred Pension Planning Corp.corey@pppc.co
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