Provisions of the CARES Act for Sponsors and Participants of the Retirement Plan

Website design By BotEap.com Website design By BotEap.comThis article reviews some of the main provisions of the CARES Act regarding pension and retirement plans. Early withdrawals from plan participant retirement accounts Generally, the Internal Revenue Code (IRC) imposes a 10% penalty on early withdrawals from retirement accounts. Early withdrawals are withdrawals before the retirement plan holder turns […]