Dear Valued Client,
Last week we wrote to you to inform you that McGregor & Associates, Inc. had activated our Pandemic Response Plan and that we are carefully monitoring the situation. We are continuing to monitor the situation and following guidance from the Centers for Disease Control as well as local, state, and federal agencies so that we can continue to serve your employee benefits needs today, and in the future.
We understand that there is a great deal of uncertainty for every business and employee as we each face unprecedented challenges and questions. McGregor & Associates is your partner and we will help support and guide your employee benefits strategy in any way possible.
Today, we would like to take a few moments to discuss Qualified Retirement Plans. Many of the retirement plan operational questions we are fielding pertain to the ability to either access retirement plan assets or reducing the contributions owed to the Plan. We are evaluating the options currently available to Plan Sponsors and Plan Participants daily for the plans we administer.
Some of these efforts also include lobbying for and monitoring proposed legislation. We are encouraged to see one of the most recent proposals includes several important measures providing relief to both Retirement Plan Sponsors and Plan Participants, discussed further in,
ARA Presses for Retirement Plan Relief in Coronavirus Stimulus Bill
. We will continue to monitor and apprise our valued business partners of changes in the legislative and regulatory environment
Please call or email your employee benefits partners at McGregor & Associates, Inc. If you have any questions about your benefits plans, or if there is anything we can do to be of service to you during these challenging times.
Todd Wetzel, President