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Insights for Employers

COVID-19 Latest Insights

 Reporting and notices
o The Act empowers the Department of Labor to extend certain deadlines for notices – more
information expected in the coming weeks.

Plans can adopt the new rules immediately. The plan will eventually need to be amended on or before the
last day of the first plan year beginning on or after January 1, 2022, or later if prescribed by the Secretary of
the Treasury.

For any questions related to the CARES Act, your plan, or how it impacts your
employees and participants, please do not hesitate to contact your Plan Advisor

at 800.959.0071 or retirementinfo@nfp.com.

Source: https://www.napa-net.org/sites/napa-net.org/files/CAREs%20Act%20revised_032220.pdf

Securities may be offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment
Advisory Services may be offered through NFP Retirement, Inc. Kestra IS is not affiliated with NFP Retirement Inc., a
subsidiary of NFP. NFPR-2020-86 ACR# 345605 4/20

NFP.com