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The CARES Act: Plan Sponsor Action Items
Wilkins Finston Friedman Law Group LLP Link to more items from this source
[Guidance Overview]
Mar. 31, 2020

"[1] Prepare communications to participants to inform them of the availability of Coronavirus-related Distributions, along with information re eligibility, requesting, taxation, and repayment of the distributions; [2] Coordinate with the parties who make plan distributions ... to make the necessary adjustments to those processes for Coronavirus-related Distributions ... [3] [D]ecide whether to ... allow for the more liberalized loan provisions ... [and] coordinate with the plan recordkeeper to implement them ... [4] Prepare communications to the subset of affected participants to inform them of the suspension of 2020 RMDs."

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