Yearly Archives: 2020

Paycheck Protection Program Flexibility Act of 2020 Major Provisions

With this new bill passing, we wanted to provide an update to the key provisions since some businesses are using retirement plan employer contributions for some of their expenses for forgiveness of the loans. The main features are (this come from the House version since we’re awaiting final text): To […]

Payroll Protection Program (PPP) updates as of today

Section §1102 of the CARES Act allowed for the PPP through the Small Business Administration (SBA) loan program. This week the application will be released regarding forgiveness for the loans taken. At this point, everyone taking a loan was somewhat familiar with the application, but the recent updates are as […]

More advocacy needed for retirement plans

The passage of the CARES Act was a huge step towards helping plans and participants but more is needed legislatively. Check out the link to our friends at the American Retirement Association (ARA) and their continued lobbying efforts for additional retirement plans protections: Please consider contacting your US Senators and […]