COVID-19 Insights for Retirement Plan Sponsors

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As of March 2020, the COVID-19 pandemic has made its impact throughout the United States. Given the immediate financial impact that many individuals are facing, employers and retirement plan administrators should expect to receive inquiries from plan participants regarding access to retirement savings. 

Some companies may need to take action in regards to employer contributions and even personnel in the coming days, weeks and months. The following information is aimed at preparing you for inquiries, administration and decisions you might encounter, including:
– Hardship Distributions
– Loans
– Impact of Furloughs
– Partial Plan Terminations
– Plan Investments
– Employee Compensation
– Employer Contributions
– CARES Act Legislation