05/06/2020
Final regulations and a separate disaster relief notice from the Department of Labor set up an outbreak period—running from March 1, 2020, until 60 days after the announced end of the coronavirus national emergency—that plans must ignore for purposes of employees’ health plan elections and 401(k) plans’ responsibility to provide notices to participants.
04/21/2020
The Standard & Poor’s 500 index ended the first quarter down more than 20%, delivering a gut-punch to the more than 1 million Americans whose retirement savings are tied up in defined-contribution plans.