On June 3, the U.S. Internal Revenue Service (IRS) and Department of Labor (DOL) issued two key pieces of guidance impacting retirement plans. The IRS provided temporary relief allowing remote witnessing of elections/signatures for benefits elections, and the DOL issued guidance allowing private equity investments as a component of professionally managed asset allocation funds.
View our on-demand webinar, Employer response to COVID-19: Guidance and temporary relief for retirement plans, where we break down what the IRS and DOL guidance could mean for your organization and your people and share the latest participant trends from our Alight Financial Advisors.
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