The CARES Act, signed into law on March 27, 2020, allows employees affected by COVID-19 greater access to money set aside for them in employer retirement plans. As often happens, many details of this new law were not immediately clear. We found our...
August
21
2019
How to Fix a Participant Loan
Posted by David J. Kupstas, FSA, EA, MSEA
in 401(k), participant loan, epcrs, irs, vcp
with No Comments
Recently, we shared the basic rules related to participant loans in qualified retirement plans. From time to time, there will be loans that are not in compliance with one or more of these rules. What happens then? Is there a fix? Today, we will g...