Key impacts of COVID-19, CARES on benefit plan sponsors

The CARES Act is impacting the sponsors of various benefit plans. These include healthcare benefit plans, fringe benefit plans and retirement plans.

Sponsors need to be aware of the changes and how they affect their offerings, such as preventive and diagnostic healthcare coverages, student loan assistance and pension plan contributions, among much else.

To learn more about the impact to benefit plan sponsors and how to prepare, view Waller’s COVID-19 and the CARES Act: Key Impacts on Benefit Plan Sponsors chart here.