Do the coronavirus-related distributions rules apply to 457(b) plans?

The CARES Act extended CRD distributions to only to governmental 457(b) plans. This provision isn’t available to private tax-exempt 457(b) plans. Note that the 10% premature distribution penalty doesn’t apply to 457(b) plans in general.

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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.