Answering Your Questions About the CARES Act

Questions regarding the administration of the CARES Act have been pouring in – and we’ve got answers!

As part of a series of recent webcasts, we have received a large number of questions from our members regarding key operational and administrative aspects of the Coronavirus Aid, Relief and Economic Security (CARES) Act. 

As we continue to work with regulators to achieve clarity and receive guidance on this legislation, we wanted to respond to your questions, and provide you with our most current understanding.  As always, we appreciate your insight and continued support of the American Retirement Association, and its member associations - ASPPA, ASEA, NTSA, NAPA, and PSCA – as we continue to work for America’s retirement.

We have organized the questions into several broad categories:

• General Questions
• COVID-19 Distributions
• COVID-19 Loans
• RMD Waivers
• Plan Type Specific (Safe Harbor, SIMPLE, DB, Etc.)

Click here to access the member-only page and download these resources. 

We hope that you find this information to be valuable, and appreciate your continued involvement and engagement as we work to provide additional support and relief for plan sponsors and impacted participants at this critical time.

Remember that the ERISA Outline Book is an invaluable technical resource – you can find more information and practical answers there on both the SECURE and CARES Acts.  Reserve your copy today.