The Consolidated Appropriations Act, 2021 (the Act), signed by the president into law on December 27, 2020, contains various relief provisions applicable to qualified retirement plans. This Client Advisory summarizes provisions in the Act, including the temporary rule preventing partial plan terminations, coronavirus-related distributions, and qualified disaster distribution and loan relief provisions.
Read the full advisory HERE.
- Read More: “Health and Welfare Plans and the Consolidated Appropriations Act”
This Client Advisory provides information on new laws that apply to health and welfare plans.