Browsing Tag
CARES Act
63 posts
Biden Cancels $10,000 in Student Debt, Extends Repayment Pause
President lays out his “responsible and fair” plan to address the student loan debt issue, and warns pandemic-paused loan repayment will definitely resume starting in 2023
IRS Extends SECURE, CARES Act Amendment Deadlines
Unexpected “gift” means retirement plan sponsors now have until the end of 2025 to amend plans taking advantage of benefit changes allowed by the bills
Groups Call on Biden to Further Extend Student Loan Repayment Pause
176 organizations representing students, workers, people of color, and faith communities say people with student debt cannot be required to make payments toward loans the President promised to cancel
Biden Extends Student Loan Repayment Pause, Pushes Workplace Solutions
While borrowers now have until May 1 before they resume federal student loan payments, President Biden singled out employer student loan assistance programs as part of the issue’s solution
$1 Billion Flies from Delta 401(k) in Pandemic-Related Early Withdrawals
Airline responds by ramping up financial coaching for employees suffering hardships
Workers Stressed About Looming End of Student Loan Payment Pause
Study finds 95% of nonprofit and public sector borrowers will have difficulty when payments resume in February—but public employers can help
Don’t Let Participant ‘Revenge Spending’ Wipe Out COVID-19 Savings Gains
Prior to COVID-19, markets were strong, unemployment was low, and consumer confidence levels were high. The retirement industry…
Most Taking CRDs in 2020 Did So Mainly Out of Desperation
The small percentage of retirement plan participants who requested a COVID-19 loan or distribution in 2020 enabled by…
By the Numbers: 401k Plan CARES Act Activity
As we approach the first anniversary of the CARES Act on March 27, more and more plan sponsor…
Callan DC Survey Finds Large Plans Unlikely to Join MEPs/PEPs
Three-quarters (76%) of defined contribution plans are very unlikely to join a multi-employer plan (MEP) or pooled employer…