Good news - not much at all. The intent of the new law is to extend access to retirement accounts as quickly as possible. The coronavirus-related distribution is optional, so plan sponsors are not required to offer it in their plans. However, for those that do, there isn't really anything to do immediately other than allow it and communicate its availability. Plan sponsors are permitted to rely on participants’ self-certification that they are eligible for the distribution (i.e., no doctor’s note or proof of financial hardship is required). The only other thing to keep in mind is that the plan document will need to be eventually amended to reflect this selection, but those amendments will not be due until the end of the 2022 plan year.