Do the coronavirus-related distributions and relaxed loan rules apply to non-ERISA church plans?

Yes, the coronavirus-related distributions, relaxed loan rules and required minmum distribution waivers under the CARES Act are also available to non-ERISA Church plans. Plans need to make an operational election in 2020 and be amended by the end of plan year beginning in 2022.

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Cetera Retirement Plan Specialists is a third-party administrator and may not offer tax, legal or investment advice. Plan sponsors should consult their own tax, legal or investment professionals.