We are getting a lot of questions regarding the amount of retirement contributions paid during the qualifying period for the forgiveness calculation, such as:
•Will a contribution for the 2019 plan year count toward...more
Although some retirement plan recordkeepers and third-party administrators (TPAs) have reached out to plan sponsors on decisions regarding the optional provisions of the CARES Act, e.g., coronavirus-related withdrawal and...more
1. Consider applying for the PPP-
I listed this first because it is generally the best program, and it is time-sensitive: FAQ: CARES Act SBA Loan Programs - Paycheck Protection Program (PPP). Good news, we are starting to...more
It’s been a hectic three weeks of pretty much non-stop developments and activity, so I thought it might help to lay out a checklist of ESOP-related issues we’ve been discussing with many of you during the COVID-19 crisis. If...more
On Friday, March 27, 2020, Husch Blackwell partner Mark Welker participated in a webinar titled “Pandemic Valuations: 2019 Year End and Post Crisis Issues,” presented by The ESOP Association. Below, we have summarized some...more