Category Archives: CARES Act

The CARES Act: Helping Your 401(K) Participants During the Coronavirus Crisis

Special Distributions to Qualified Participants

By Fred Reish, Bruce Ashton and Betsy Olson

Our first article discussed CARES Act provisions designed to help your 401(k) participants with temporary loan enhancements.  Here we discuss a second provision of the Act that can help participants who are affected by the coronavirus (called “qualified individuals”*).  This is a special coronavirus-related distribution (a CRD).  Though we discuss this in the context of 401(k) plans, the CRD provision applies to all qualified plans, 403(b) plans and IRAs as well.

Continue reading The CARES Act: Helping Your 401(K) Participants During the Coronavirus Crisis

Share