INSIGHT

What the Cares Act Retirement Plan/IRA Provisions Mean for Employees

Ryan Davis • September 3, 2020

Services: Employee Benefit Plan Audit

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BPM Senior Manager Ryan Davis recently published an article on Employee Benefit News, which explains how the CARES Act includes several targeted provisions for employer-sponsored qualified retirement plans and individual retirement accounts (IRAs).

Ryan details important factors to consider, as employers navigate the provisions, tax-favored CRDs from qualified retirement plans and IRAs, loans from qualified retirement plans and waivers of required minimum distributions.

About Ryan Davis

Ryan has over 10 years of public accounting experience, serving both public and private companies in a variety of industries. He is well versed in the financial services industry where he has served alternative investment, marketplace lending and broker-dealer companies. Ryan also provides audit and consultation services on all types of employee benefit plans.

Additionally, Ryan has served numerous FinTech, technology and manufacturing companies. Ryan has expertise in all aspects of revenue recognition, consolidation, business combination, accounting for stock-based compensation and SEC reporting.

About BPM’s Employee Benefit Plan Audit Group

BPM is one of the largest California-based public accounting and advisory firms, ranking in the top 50 in the country. With multiple offices along the West Coast, we have served emerging, mid-cap, and closely-held businesses as well as high-net-worth individuals since 1986. Our Employee Benefits team consists of professionals with extensive knowledge of ERISA guidelines and deep expertise performing employee benefit plan audits. We can help you craft a smooth-running plan that serves your employees while mitigating associated risk. For more information or for a free expert consultation, visit https://www.bpm.com/services/assurance/audit/employee-benefit-plan/.