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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 over 25 years of experience in the retirement benefits industry. He is Senior Vice President of Client Services at Pentegra Retirement Services, a leading provider of retirement plan, fiduciary outsourcing and institutional investment services to organizations nationwide. Rausser oversees the consulting, marketing and communications, non-qualified plan and BOLI business development and  actuarial service practice groups at Pentegra. 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.