C&N Library

In Part 2 of our series, we explain the two provisions in the CARES Act that offer relief to small businesses: the introduction of the Paycheck Protection Program (PPP) and some lifted restrictions around Emergency Injury Disaster Loans.

The Commercial Lending Team at C&N is always striving to create financing solutions that help aspiring entrepreneurs reach their dreams of small business ownership and existing business owners attain their goals.

As a retirement plan administrator, you may have the option for participants to take a 401k hardship withdrawal. Hardship withdrawals are designed to help qualified participants cover immediate and serious financial needs that arise, including a variety of qualifying expenses.

As a 401(k)-plan sponsor, you want your employees to have a secure retirement. Here are a few ideas to consider when designing your company-sponsored retirement plan.

Using the correct compensation for plan purposes is quite important. Compensation controls the amount that a participant contributes to the plan through the 401(k) provision, the amount of the employer match (if any) and how much each employee receives from employer “profit sharing” type contributions (if any).