Carol Buckmann Quoted in BenefitsPro Article About Employer Contributions to 401(k) Plans

Co-founding partner Carol Buckman was quoted in the BenefitsPro article, “Coronavirus may prove to be a ‘time-limited’ problem for plan sponsors.” The BenefitsPro article, which covers the topic of Carol’s article, “Employer Responses to COVID-19: Suspending Employer 401(k) Contributions,” suggests that the financial crisis of 2008 could inform how plan sponsors will react to the financial crisis we are experiencing as a result of the COVID-19 pandemic. In the BenefitsPro article, Carol expresses her view that this could be a time-limited problem and agrees with the author that plan “[s]ponsors should be thinking about that [it’s easier to strip retirement benefits than to reinstate them] before they take a drastic step.”

Read the BenefitsPro article.