Conserving Cash During COVID-19: Suspending Employer Contributions & Other Retirement Considerations


REGISTER HERE:   

https://us02web.zoom.us/meeting/register/tZcudu2trjIsGNCMdJYisNL7_8UTQqGciUx-

Description:
 
In these unprecedented and uncertain economic times, many companies are looking at ways to conserve cash and control spending. Options for consideration include applying for government loans through the CARES Act and other programs, reducing employee compensation, implementing furloughs, and, as a worst-case scenario, making layoffs.  If business cash flow is significantly disrupted, one strategy some companies may consider is a suspension, reduction, or delay of employer contributions to its retirement plan.
 
Join Josh Itzoe, Partner & Chief Strategy Officer at Greenspring Advisors, to learn about the options for suspending employer retirement contributions (and potential unintended consequences) as well as other ways COVID-19 is impacting corporate retirement plans.
 
In this webinar you will learn:
  • How to suspend or reduce contributions for non-safe harbor plans
  • How to suspend or reduce contributions for safe harbor plans
  • Implications for non-discrimination and top-heavy testing
  • How COVID-19 layoffs can trigger partial plan terminations and the consequences
  • Whether owner retirement contributions qualify for PPP loan forgiveness

Date:  Tuesday, May 26, 2020

Time:  12:00 PM - 1:00 PM 

CPE:  This event qualifies for one (1.0) CPE credit.

Complimentary to members, sponsors and guests.  CPE provided to online participants who respond to random polling questions.

Have Questions?  Contact Denise Parker, Chapter Administrator, at baltimorefei@gmail.com or 813.494.9551.

Speakers

Joshua Itzoe

Partner & Chief Strategy Officer
Greenspring Advisors