Publication

SW Benefits Update: The CARES Act and Defined Contribution Plans: A Brief Summary for Plan Sponsors

Mar 27, 2020

By Anne M. Meyer

As the COVID-19 pandemic continues to impact our society, we are seeing employers grapple with furloughs, reductions in force and other alternatives, which are discussed in this Legal Alert. After some negotiations, Congress recently enacted a stimulus bill, the Coronavirus Aid, Relief and Economic Security (CARES) Act that, among other relief, gives participants greater access to retirement savings.

Please find the full alert here.

About Snell & Wilmer

Founded in 1938, Snell & Wilmer is a full-service business law firm with more than 500 attorneys practicing in 16 locations throughout the United States and in Mexico, including Los Angeles, Orange County and San Diego, California; Phoenix and Tucson, Arizona; Denver, Colorado; Washington, D.C.; Boise, Idaho; Las Vegas and Reno, Nevada; Albuquerque, New Mexico; Portland, Oregon; Dallas, Texas; Salt Lake City, Utah; Seattle, Washington; and Los Cabos, Mexico. The firm represents clients ranging from large, publicly traded corporations to small businesses, individuals and entrepreneurs. For more information, visit swlaw.com.

©2025 Snell & Wilmer L.L.P. All rights reserved. The purpose of this publication is to provide readers with information on current topics of general interest and nothing herein shall be construed to create, offer, or memorialize the existence of an attorney-client relationship. The content should not be considered legal advice or opinion, because it may not apply to the specific facts of a particular matter. As guidance in areas is constantly changing and evolving, you should consider checking for updated guidance, or consult with legal counsel, before making any decisions.
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Olivia Nguyen-Quang

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