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COVID-19
The American Retirement Association is calling on the Treasury Department to provide funding relief for DC plans to help employers facing significant financial burdens relating to the Coronavirus.
In a March 24 follow-up letter, the ARA notes that it is continuing to receive many questions about...
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Senate leaders and the Trump Administration finally came to terms on a nearly $2 trillion coronavirus emergency relief package—but it’s not done yet.
The announcement, which came around 1:00 a.m. Wednesday, followed five days of tense, and sometimes heated, marathon talks between senators and the...
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The IRS on March 24 updated its website to indicate that it has extended until July 15, 2020 the deadlines for making contributions to workplace-based retirement plans, IRAs and health savings accounts for 2019.
These extensions are in accordance with IRS Notice 2020-18, which extended the...
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With concerns about the impact of the coronavirus and its impact on retirement plans increasing, we expect to shortly have legislation providing some much-needed relief.
The American Retirement Association has been actively advocating for relief for plan sponsors and participants impacted by the...
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After five days of intense negotiations, the Senate was set to vote Wednesday on an unprecedented $2 trillion stimulus bill covering every aspect of the U.S. economy, including retirement relief provisions supported by the American Retirement Association.
Earlier today (March 25), the Senate...
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As the Senate squabbles over legislation designed to alleviate the impact of the coronavirus, the Speaker of the House has unveiled a version with slightly different provisions regarding retirement plans.
House Speaker Nancy Pelosi (D-CA), contending that the Senate Republicans’ bill “put...
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The American Retirement Association, along with two dozen other trade organizations, are urging Congress to provide immediate relief to retirement plan sponsors, participants and retirees in the wake of the Coronavirus.
“The undersigned organizations, which represent plan sponsors and service...
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A revised version of the CARES Act includes additional retirement relief provisions supported by the American Retirement Association, though the negotiations aren’t over yet.
After engaging in weekend negotiations with Senate Democrats and Trump administration officials, Senate Majority Leader...
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The CARES Act includes provisions advocated by the American Retirement Association that loosen retirement plan hardship and loan rules to free up funds for individuals impacted by the Coronavirus pandemic.
Life (and legislation) has been coming at us fast in March, as the country and Congress...
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The American Retirement Association has reached out to members of Congress with proposals to help alleviate cash flow issues for small businesses with retirement plans.
The ARA, whose broad membership consists of service providers and plan sponsors, strongly supports immediate defined contribution...
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The American Retirement Association has been working with key lawmakers to include legislation that would provide tax relief to individuals and employers that suffer a sustained economic loss from the COVID-19 outbreak.
The relief would be patterned after the disaster relief that was provided in...
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Considering the ongoing and future business impacts of the coronavirus, the American Retirement Association asked the Treasury and DOL for relief from certain retirement plan filing deadlines.
“The American Retirement Association is writing to request relief from certain provisions under the...
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The IRS announced on March 11 that high-deductible health plans (HDHPs) can pay for 2019 Novel Coronavirus (COVID-19)-related testing and treatment without jeopardizing their qualified status. This also means that an individual with an HDHP that covers these costs may continue to contribute to a...
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