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How Are Recordkeepers Dealing With CARES Act Options?

Coronavirus

A number of recordkeepers/TPAs are already reaching out to plan sponsors on decisions regarding the optional provisions of the CARES Act, notably COVID-19 related distribution and loan options—but while some are waiting for instructions, others have—at least initially—made some assumptions.      

This past week several firms reached out to share the results of their canvassing—and while this is certainly a moving target, and subject to change—we have, with their permission—compiled that information in an online table for your reference.

This information is current as of April 8.

Recordkeeper/Providers—we’re happy to reflect any applicable changes or additions (email me at [email protected]).

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