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Managing Director - Operations, Benefits Daybright Financial
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MAP Retirement
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Relationship Manager for Defined Benefit/Cash Balance Plans Daybright Financial
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Regional Vice President, Sales MAP Retirement USA LLC
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July Business Services
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BPAS
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Cash Balance/ Defined Benefit Plan Administrator Steidle Pension Solutions, LLC
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Anchor 3(16) Fiduciary Solutions
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ESOP Administration Consultant Blue Ridge Associates
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Retirement Plan Administration Consultant Blue Ridge Associates
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Retirement Relationship Manager MAP Retirement
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PPP Loan Forgiveness: Retirement Plan Contributions for Business Owners Don't Count
Greenspring Advisors 
[Guidance Overview] May 22, 2020 "One of the six areas of spending that qualifies for forgiveness is employer retirement contributions. Thus, many business owners are looking to accelerate company contributions during the eight weeks following receipt of the funds.... However, the 3rd Interim Final Rule clarifies ... retirement contributions for employees ... are eligible to count toward loan forgiveness. But retirement contributions on behalf of owners are not 'covered benefits' and don't qualify." MORE >> |
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