The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law on Friday, March 27, 2020. The Act provides support to both individuals and businesses amidst the COVID-19 pandemic, including changes to retirement plans.

With this in mind, we want to share with you a special FAQ regarding questions you may have:

FAQ information from PKF Texas about the CARES Act impacting retirement plans rules during COVID-19 pandemic

  • Key impacts on retirement plans
  • Fiduciary liabilities and responsibilities
  • Options for employer contributions
  • Layoffs and furloughs
  • And more…

The FAQ sheet may be downloaded here or by clicking the image above.

If you have questions about how the information in this FAQ applies to your situation, please connect with your specific PKF Texas Employee Benefit Plan team members via email.

Additionally, we are keeping www.PKFTexas.com/COVID-19 up-to-date with information and resources to assist you as we all navigate these quickly-changing times.