Bates & Company
Hochheiser Deutsch & Co, Inc.
Carpenter Morse Group
Loren D. Stark Company
Trucker Huss, A Professional Corporation
ERISA Services, Inc.
Retirement Plan Consultants
Compass Retirement Consulting Group, Inc.
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|Repayment Deadline for Coronavirus-Related Loan?|
BenefitsLink Message Boards
June 9, 2021
"As many probably remember, initially it was indicated that a participant could take up to a $100,000 participant loan through the CARES Act. It was also described that the repayment could be deferred for up to a year. Then after reviewing closer, the year was to be no later than January 1, 2021. In any event, there was confusion on this. I thought I read something about how a repayment will be considered timely if it was made on or prior to February 28, 2021. Did anyone else remember this?"
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