In addition to implementing the provisions of the Coronavirus Aid, Relief and Economic Security (CARES) Act for plan sponsors and participants, The Standard is offering fee relief.
This includes waiving distribution and loan origination fees for COVID-19-affected participants and waiving CARES Act-related plan amendment fees for employers through August 31.
In addition, The Standard has launched a new charitable initiative to support communities affected by the coronavirus. Throughout the month of May, every virtual meeting scheduled with a retirement plan adviser will be matched by a $25 donation to Feeding America.
“This program helps us connect with our adviser partners and provides much-needed funds to food banks across the U.S.,” says Rob Baumgarten, vice president of retirement plan sales at The Standard.