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Conserving Cash During COVID-19: Suspending Employer Contributions & Other Retirement Considerations


REGISTER HERE:   

https://us02web.zoom.us/meeting/register/tZcudu2trjIsGNCMdJYisNL7_8UTQqGciUx-

Description:
 
In these unprecedented and uncertain economic times, many companies are looking at ways to conserve cash and control spending. Options for consideration include applying for government loans through the CARES Act and other programs, reducing employee compensation, implementing furloughs, and, as a worst-case scenario, making layoffs.  If business cash flow is significantly disrupted, one strategy some companies may consider is a suspension, reduction, or delay of employer contributions to its retirement plan.
 
Join Josh Itzoe, Partner & Chief Strategy Officer at Greenspring Advisors, to learn about the options for suspending employer retirement contributions (and potential unintended consequences) as well as other ways COVID-19 is impacting corporate retirement plans.
 
In this webinar you will learn:
  • How to suspend or reduce contributions for non-safe harbor plans
  • How to suspend or reduce contributions for safe harbor plans
  • Implications for non-discrimination and top-heavy testing
  • How COVID-19 layoffs can trigger partial plan terminations and the consequences
  • Whether owner retirement contributions qualify for PPP loan forgiveness

Date:  Tuesday, May 26, 2020

Time:  12:00 PM - 1:00 PM 

CPE:  This event qualifies for one (1.0) CPE credit.

Complimentary to members, sponsors and guests.  CPE provided to online participants who respond to random polling questions.

Have Questions?  Contact Denise Parker, Chapter Administrator, at baltimorefei@gmail.com or 813.494.9551.

Speakers

Joshua Itzoe

Partner & Chief Strategy Officer
Greenspring Advisors

Credits

1.00 CPE
Basic

Method

group-internet-based

Field

Management Services, Technical

Prerequisites

none

National Registry of CPE SponsorsFinancial Executives International (FEI) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State Boards of Accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

For FEI CPE credits, one credit hour equals 50 minutes according to NASBA guidelines. Some states boards may differ on how many minutes constitute a credit hour. Contact your state board for more information. For more information regarding administrative policies such as complaint and refund, please contact our offices at 973.765.1029.