Under current law, employers of a Top Heavy plan may be required to contribute 3% of pay to certain eligible employees, including those that became eligible prior to attaining age 21 and with less than 1 Year of Service. The new law will allow an employer to complete...
Top Heavy
Understanding the CARES Act
On Friday, March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), a massive relief bill for those suffering as a result of the Coronavirus pandemic, was signed into law. Besides the generalized financial relief afforded to individuals, as...
CARES Act Frequently Asked Questions
Below are a few short Q & A topics that you may find relevant. These are intended to be a guide and should not be construed as specific advice relative to your plan. Of course, we welcome you to contact us to discuss your specific situation. Changes Related to...