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  • What is the CARES Act?

    The CARES Act, or the Coronavirus Aid, Relief, and Economic Security Act, was the U.S. government’s response to this unprecedented economic crisis spurred by the COVID-19 pandemic. Congress passed the Act on March 25, 2020, and it was signed into law by President Donald Trump on March 27, 2020.

  • Will CARES Act & 2020 Relief Act change?

    CARES Act, and 2020 Relief Act changes with a single amendment.” As a result, “most plans will not be required to adopt IRS required changes this year.

  • What does cares stand for?

    The Coronavirus Aid, Relief, and Economic Security (CARES) Act (2020) and the Coronavirus Response and Consolidated Appropriations Act (2021) provided fast and direct economic assistance for American workers, families, small businesses, and industries.

  • Should retirement plan sponsors comply with the CARES Act?

    Retirement plan sponsors have been given more time to comply with certain provisions of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, and the Taxpayer Certainty and Disaster Tax Relief Act of 2020 (Relief Act) that were not extended under prior IRS guidance.

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