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Consolidated Appropriations Act, 2021: Effects on Employer-Sponsored Retirement Plans
Jackson Lewis P.C. Link to more items from this source
[Guidance Overview]
Dec. 28, 2020

"[A] plan will not be treated as having had a partial termination during any plan year which includes the period beginning March 13, 2020, and ending March 31, 2021, if the number of active participants in the plan covered on March 31, 2021, is at least 80% of the number on March 13, 2020.... [In]-service distributions from money purchase pension plans can qualify as CRDs. This change is effective as if made part of the CARES Act.... In response to recent wildfires and hurricanes, Congress included its go-to disaster relief distribution, loan, and recontribution rules[.]"

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