Is Your Retirement Plan Getting the Support it Needs During this Pandemic?
- Michael Lemay
- May 28, 2020
- 1 min read
If you’re having difficulty with all of the changes and to-dos regarding COVID-19 and how you manage your plan, you’re not alone!
Nearly half of plan sponsors say they are still deciding which CARES Act provisions to implement.[1] In addition, you might be dealing with uncertain cash flows, leaving you with the onerous choice of cutting or suspending retirement plan matching contributions.
You shouldn’t have to face these unprecedented times alone. Now more than ever, you need the expert guidance of an experienced, dedicated retirement plan advisor who can help you navigate this “new normal.”
If you don’t already have an advisor, it may be the time to consider partnering with one. And if your plan has an advisor, are they doing all they can to help you manage the health of your retirement plan?
Your responses to the checklist below can help you determine if now is the right time to hire an advisor or contemplate replacing your existing one.
[1] Plan Sponsor Council of America. CARES Act Snapshot Survey. April 2020.
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