Required minimum distributions during a pandemic

The IRS has recently issued Notice 2020-51 to help bring more clarity on how the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”) impacts Required Minimum Distributions (“RMDs”) and those individuals who have taken RMDs in 2020. Congress passed the CARES Act on March 27, 2020 as a fiscal response to the COVID-19 pandemic. …

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All About Blackout Periods

We recently had some questions about how blackout periods work, and I learned a lot by consulting some of our TPA (third party administrator) colleagues and the DOL website. A blackout period is basically a time that participants temporarily lose control of their retirement accounts.  During this period, no changes can be made to investment …

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