The CARES Act and its impact on retirement plans
As our society continues to be affected by the COVID-19 pandemic, employers must appropriately understand the impacts of the Coronavirus Aid, Relief, and Economic Security (CARES) Act on retirement plans. Join Baker Tilly for an on-demand webinar discussing the provisions of the CARES Act pertaining to retirement plans, and how COVID-19 has caused changes in the audit approach and other considerations related to retirement plan audits. The discussion will include consideration of the impact of COVID-19 on the 2019 financial statements of retirement plans, and how auditors are navigating in the new virtual environment of auditing.
The CARES Act is one of several areas by which employee retirement plans have been impacted by COVID-19.
Key learning objectives
After attending this webinar, you will be able to:
- Describe the key discretionary provisions of the CARES Act and who is a qualified participant
- State how the key provisions of the CARES Act, if opted in, will impact retirement plans
- Illustrate an understanding of COVID-19’s impact on the 2019 financial statements of retirement plans
- Discuss the new virtual audit environment and how auditors are navigating through audit procedures of retirement plans in this digital space
Who should view?
This webinar is intended primarily for plan sponsors of retirement plans.
For more information on this topic, or to learn how Baker Tilly specialists can help, contact our team.
