Plan Sponsor Advisory: 2020 CARES Act: How it Affects Your Retirement Plan
Submitted by Ascend Planning & Consulting LLC. on April 8th, 2020On March 27, 2020, in response to the COVID-19 global pandemic, Congress passed the Coronavirus, Aid, Relief, and Economic Security (CARES) Act (also known as HR 748). This is historic and sweeping legislation created to help keep workers paid and employed, allow businesses to remain operational, make necessary health care system enhancements and stabilize the economy.