Page 22 - AprDefComp
P. 22

Taking a Coronavirus-related


        Distribution ("CRD")











        • Distribution only allowed to Qualified Individual



        • Distribution made on or after January 1, 2020
             and before December 31, 2020


        • Capped at $100,000 per individual



        • Plan administrator can rely on participant's self-
             certification that he or she qualifies








        Optional provision - can be elected by plan sponsor
















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