CARES Act

The Multiemployer Retirement Plan Landscape Report: DC Key Findings

Cathe Gooding, CEBS
 

The overall health of multiemployer defined contribution (DC) retirement plans improved from 2020 to 2021. The average account balance for a participant in a median multiemployer DC plan increased from $46,100 at the end of 2019 to $52,800 at the end of 2021, […]

Plan Sponsors Providing More Benefit Options Thanks to CARES Act Provisions

Plan Sponsors Providing More Benefit Options Thanks to CARES Act Provisions

Kelli Kolsrud, CEBS
 

Business closures and curtailments due to the coronavirus pandemic have left many organizations and individuals struggling financially. The Coronavirus Aid, Relief, and Economic Security (CARES) Act was enacted on March 27, 2020 with the goal of providing quick financial relief to citizens […]

Steps Plan Sponsors Should Take to Implement the Families First Act and the Cares Act

Steps Plan Sponsors Should Take to Implement the Families First Act and the CARES Act

The Families First Coronavirus Response Act (Families First Act or FFCRA) and the Coronavirus Aid, Relief, an Economic Security (CARES) Act have brought a wide range of changes to employee benefit plans, including changes to health care coverage, retirement plans and leave […]