Benefits
Update
Newsletter
Update
Newsletter
By Anne M. Meyer
With plan sponsors concerned about cash flow, the Coronavirus Aid, Relief and Economic Security Act (CARES) Act provides much needed relief by delaying the minimum required contributions for single employer defined benefit plans. The CARES Act delays the due date for any minimum required contributions otherwise due in 2020 until January 1, 2021 at which time, the 2020 minimum required contributions, plus interest, will be due.