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ARTICLE · 13 APRIL 2020

Thinking Ahead: Retirement Plan Options To Consider During COVID-19 Outbreak

Holland & Knight
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Because of the international health crisis caused by the coronavirus (COVID-19), retirement plan sponsors, and the compensation professionals and retirement plan administrators that advise...

United StatesEmployment and HR
Victoria Zerjav
Victoria Zerjav
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Highlights

  • The international health crisis caused by the coronavirus (COVID-19) has created unchartered territory for retirement plan sponsors and plan administrators contemplating potentially long-term changes in the workforce and the financial stability of the plan sponsors and plan participants.
  • The current retirement plan rules and potential new congressional legislation being considered in light of the outbreak may present plan sponsors with choices in terms of cost savings measures for companies and access to funds for employees.
  • This Holland & Knight alert provides a general outline of the issues and retirement plan choices that are available as the consequences of the health crisis become clearer.

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