Ascensus

Understanding the CARES Act: Contribution Deadline and Defined Benefit Funding Relief

Understanding the CARES Act: Retirement Plan Loans

Proprietary data from Ascensus reveals how U.S. employees shifted their savings behaviors in March 2020, as the COVID-19 outbreak caused major disruption to the U.S. economy and financial markets.

President Donald Trump has signed into law a $484 billion relief package that will infuse $320 billion in additional funding into the Small Business Administration's (SBA's) Paycheck Protection Program (PPP). Also included in the package is funding for Economic Injury Disaster Loans and the SBA’s Disaster Loans Program Account, along with relief for hospitals dealing with the immediate effects of the pandemic, and, specifically, for enhanced COVID-19 testing.