SPD Language, Coronavirus-Related Distributions and Loans | Practical Law

SPD Language, Coronavirus-Related Distributions and Loans | Practical Law

A Standard Clause to add coronavirus-related distributions and loans to a 401(k) plan Summary Plan Description (SPD) as permitted under the CARES Act. This Standard Clause has integrated notes with important explanations and drafting tips.

SPD Language, Coronavirus-Related Distributions and Loans

Practical Law Standard Clauses w-027-3410 (Approx. 9 pages)

SPD Language, Coronavirus-Related Distributions and Loans

by Practical Law Employee Benefits & Executive Compensation
MaintainedUSA (National/Federal)
A Standard Clause to add coronavirus-related distributions and loans to a 401(k) plan Summary Plan Description (SPD) as permitted under the CARES Act. This Standard Clause has integrated notes with important explanations and drafting tips.