Page 48 - AprDefComp

The CARES Act 2020 – You can rely on us.

We are ready to administer the new provisions:
Providing updates through multiple channels and making information readily available across all

audiences (advisor, sponsor, participant)

Enacting the CARES Act provisions:

• Our “Opt-in” approach allows sponsors to chose which of the CARES Act provisions they would like

incorporated in their plans --- enabling sponsors and TPAs to retain flexibility and control through these

unprecedented challenges
• As of April 1st fees associated with the coronavirus-related distributions allows under the CARES Act will

be WAIVED (until further notice):

• In-service withdrawals under the CARES Act

• Loan initiation fees
• Hardship withdrawals

Key communications:
• Request for Change to Plan Operations (RCPO) was sent to Advisors on APRIL 2 nd

• TPA communication and sponsor communication will be sent on APRIL 6 th

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