The Coronavirus Aid, Relief and Economic Security Act of 2020 (“CARES”) Act was signed into law on March 27, 2020 (“Date of Enactment”).  It has enacted numerous economic relief measures intended to assist businesses and individuals as they deal with the broad impact of COVID-19.  This article is intended to focus upon the impact that…

The fanfare and excitement over the recent enactment of the Coronavirus Aid, Relief and Economic Security Act of 2020 (“CARES”) Act may have caused some plan sponsors to miss another very important piece of tax-qualified retirement plan related relief.  IRS Notice 2020-18 (“Notice 20-18”) was released on March 20, 2020 and, on March 24, 2020,…

Many employers are unaware that, in certain circumstances, they may be eligible for a valuable tax credit in connection with their establishment of a retirement plan.   Although this particular tax credit has been available for almost two decades, it is still surprising to see the general lack of awareness that most plan sponsors have regarding…