Business of Benefits
How Is Participant"s COVID Distribution Treated When Employer Does Not Choose Covid Treatment?
What I thought may be useful to discuss is what happens when an employer chooses NOT to offer the CRD relief under the CARES Act. A surprising number of employers have taken this approach. But the employer's decision is not the final word on this matter, because the statute grants participants specific tax befits regardless of the sponsor's choice. So what does this actually mean for participants?