The Coronavirus Aid Relief and economic security act retirement plan provisions
The CARES Act was the third phase in Congress’ response to the COVID-19 following the Corona Virus Preparedness and Response Supplemental Appropriations Act, 2020 and the Families First Coronavirus Response Act (FFCRA). In addition to providing emergency relief for the millions of small businesses in the country, the 2 trillion CARES Act, also relaxed several retirement plan rules which helped the plan holders to gain some access to their account balances without penalty. The Client […]