During this stressful and uncertain time, LPL Financial is here to help you with understanding all the new resources and financial assistance available for small businesses, as well as certain non-profits and other employers. The following FAQ provides information about the major programs and initiatives available from the Small Business Administration (SBA) to address needs your organization may have, as well as some additional tax provisions that may be of interest. At the end of this document, you will also find a state-by-state list of Small Business Administration guides, with an individual link to a PDF of each guide.
The CARES Act also contains provisions that affect qualified retirement plan benefit programs and plan participants. We have included a set of frequently asked questions on these provisions as well as considerations for plan sponsors and human resources departments.
Should you have any immediate worries or concerns, please don’t hesitate to reach out to your team at LPL Financial. We are here to support you and your employees in any way we can.
Click the button to download the 2020 CARES ACT Small Business Employer FAQ.