When the coronavirus outbreak turned into a COVID epidemic followed by lockdowns in many s...

Why plan sponsors need to treat loans as investments – Employee Benefit Adviser

When the coronavirus outbreak turned into a COVID epidemic followed by lockdowns in many states, Congress stepped in to help by passing the Coronavirus Aid, Relief and Economic Security Act with broad support. Provisions first in the CARES Act (and now similarly included in the Consolidated Appropriations Act) directing payments to individuals, as well as those allowing the sponsors of 401(k) workplace retirement plans to temporarily increase loan and withdrawal limits, were widely covered at the time, but it is …


 


 

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