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Employee Benefits Provisions of the CARES Act and Other Federal Relief
Sullivan & Worcester 
[Guidance Overview] Apr. 7, 2020 "[T]he CARES Act ... made 4 key changes that apply generally to tax-favored retirement vehicles -- [1] the creation of 'coronavirus-related distributions,' [2] an expansion of the limits available for participant loans, [3] a suspension of participant loan repayments and [4] 2020 required minimum distribution (RMD) relief.... [T]he 2020 RMD relief will likely be mandatory but the loan and coronavirus-related distribution provisions will likely not be.... [T]he CARES Act requires that group health plans cover certain COVID-19 preventative care within 15 days of recommendation." MORE >> |
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