Videos and Webcasts

The CARES Act – What it Means for You, Your Retirement Plan, & Your Plan Participants

3,036 views
Richard Rausser By Richard Rausser

The CARES Act is the third round of federal government support in the wake of the coronavirus crisis and associated economic fallout.

The CARES Act provides further support to both individuals and businesses, including changes to retirement plan distribution and tax policy for individuals impacted by or who experience financial consequences as a result of COVID-19.

Key Provisions Impacting the Retirement Industry

  • Expands the definition of permissible distributions from retirement plans
  • Increases plan loan limits
  • Temporarily Waives Required Minimum Distribution Rules (RMDs) for calendar year 2020
  • Provides Funding Relief for Defined Benefit Plans
Join us as we provide 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.