From twitter

On March 27 the president signed the CARES Act into law and for retirement plan sponsors, this relief includes relaxed plan distribution and loan rules designed to provide participants with greater access to, and control over, their retirement plan funds

In its ongoing effort to help individuals affected by the #Coronavirus the president signed the CARES Act into law which includes rules that affect health and welfare, retirement and executive compensation plans and programs.

The CARES Act restricts how much executive compensation can be paid by employers that avail themselves of loans. Employers seeking this relief need to carefully assess the impact of these restrictions before applying for loans.

The #coronavirus pandemic presents significant challenges for private investment fund sponsors. Navigating these challenges requires proactively addressing risks and thoughtfully considering the following issues.