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Additional Clarity on CARES Act Provisions

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Richard Rausser By Richard Rausser

Over the past few weeks, the Internal Revenue Service issued Notices (2020-50 / 2020-51 / 2020-52) to provide greater clarify on provisions under the CARES Act. 

Key Provisions Impacting the Retirement Industry

  • Notice 2020-50 – Coronavirus Related Distributions (CRD) and Coronavirus Related Loans (CRL)
  • Notice 2020-51 – Required Minimum Distributions (RMD)
  • Notice 2020-52 – Suspension of Safe Harbor Match, new and temporary rules
Pentegra is here to help you navigate these changes. Join Pentegra’s Rich Rausser, CPC, QPA, QKA, as he presents a summary of the changes impacting the retirement industry.

Author

Richard Rausser
Richard Rausser

Richard W. Rausser has more than 30 years of experience in the retirement benefits industry. He is Senior Vice President of Thought Leadership at Pentegra, a leading provider of retirement plan and fiduciary outsourcing to organizations nationwide. Rich is responsible for helping to shape and define Pentegra’s viewpoint on workplace retirement plans, plan design strategy, retirement success and employee savings trends. His work is used by employers, employees, advisors, policymakers and the media to produce successful outcomes for American workers.  In addition, Rich is responsible for Pentegra’s Defined Benefit line of business, which includes a team of Actuaries and other retirement plan professionals as well as Pentegra’s BOLI line of business.  He is a frequent speaker on retirement benefit topics; a Certified Pension Consultant (CPC); a Qualified Pension Administrator (QPA); a Qualified 401(k) Administrator (QKA); and a member of the American Society of Pension Professionals and Actuaries (ASPPA). He holds an M.B.A. in Finance from Fairleigh Dickinson University and a B.A. in Economics and Business Administration from Ursinus College.