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Post-CARES Act Checklist for Retirement Plan Sponsors
Cammack Retirement GroupLink to more items from this source
[Guidance Overview]
Jan. 28, 2021

"For plans that adopted the loan repayment suspension provision, payments with a due date beginning in January 2021 can no longer be suspended.... [T]here is no minimum required distribution due for anyone on April 1st of this year ... [T]he deadline for 2021 RMDs will be 12/31/2021.... [P]lan sponsors should confirm that no [coronavirus-related] distributions were processed after December 30th ... While the deadline for CARES Act loans actually occurred several months ago (September 22,2020), plan sponsors that permitted these loans should confirm that no new CARES Act loans were disbursed after that date."

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