P&A Group, Retirement Plan Services

CARES Act: Changes to Retirement Plans

The Coronavirus Aid, Relief and Economic Security Act, or CARES Act, contains important changes to retirement plan vehicles, including changes to defined contribution and defined benefit retirement plans. Americans can expect the following changes to retirement plans. Early Withdrawals Waived for Coronavirus-Related Distributions Under Section 2202 of the CARES Act, the 10% early withdrawal penalty is… Continue reading CARES Act: Changes to Retirement Plans