In the past year the federal government has passed various legislation that impact employee benefit plans such as the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act) and the Setting Every Community Up for Retirement Enhancement Act of 2019 (the SECURE Act). These Acts provide plan administrators with opportunities to provide more flexibility to the plan participants during the ongoing COVID-19 pandemic and beyond. It is important to consult your third-party administrators regarding the requirements of these new laws. Any significant changes to your plan documents should be communicated to your auditors and consideration should be given to disclosures in the Plan’s financial statements regarding any changes that have been made during your Plan year and any changes subsequent to year end.