401(k) Plan Sponsor Issues During This Coronavirus Pandemic

Ary Rosenbaum
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The business around COVID-19 has been mostly negative. However, as Billy Joel would say: “We Didn’t Start The Fire.” There have been plenty of economic crises over the years since the Great Depression. As a 401(k) plan sponsor, it’s more likely than not that this pandemic has been negative to your business and probably your retirement plan. As a business owner, there are some tough decisions that you’ve had to make or will make concerning your business that will also affect your 401(k) plan. This article is all about important considerations concerning your 401(k) plan as it relates to Coronavirus.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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