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Unraveling U.S. Retirement Savings: How a Global Pandemic Threatens to Undo Decades of Planning
Bryan Cave Leighton Paisner LLP 
Apr. 1, 2020 "[P]lan sponsors should pause before adopting the new in-service withdrawal and loan options wholesale. The options made available under the CARES Act are permissive, not required. Implementing a thoughtful, needs-based, COVID-19 withdrawal/loan policy could protect employees' financial security for decades to come. Plan sponsors can adopt an incremental approach to COVID-19 in-service withdrawals or loans, and should consider doing so in the interest of helping participants not decimate hard-won savings[.]" MORE >> |
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