Stimulus Bill Extends Some Provisions of the CARES Act It also provides a way for retirement plan sponsors to avoid a partial plan termination. Fidelity Decides to Exit HR/Payroll Business The decision affects nearly 2, 000 existing clients, including retirement plan clients that use a bundled solution. Warn Your Clients: Don't Abuse Coronavirus Hardship Withdrawals Though retirement plans can allow individuals to self-certify that they qualify for a penalty-free coronavirus-related distribution, should the IRS discover otherwise during a future audit, a participant can be subject to substantial penalties. How 3(38) Advising Profits Clients Investment management turns up inefficiencies, takes on some risk, and more. Practice Management: Areas of Success A look at what worked particularly well in 2020 and that could keep propelling growth in 2021.
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