On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act as part of the federal stimulus package intended to stabilize the economy during the COVID-19 pandemic.  The CARES Act has opened up a number of provisions for employer-sponsored retirement plans by making additional funds available to Plan participants who are impacted by COVID-19.

Our 12-minute podcast on this topic can be found by clicking on the following link:

DirectAdvisors Podcast #2 – The CARES Act and its Impact on Retirement Plans

To learn more about how the retirement plan provisions within the CARES Act could impact your company’s retirement plan, please contact DirectAdvisors at 518-362-2119 or by emailing us at [email protected].