In this episode of Money Talks, Hugh had the opportunity to interview ERISA Attorney Christine Roberts who is a Partner at Santa Barbara, California-based, Mullen & Henzel, L.L.P., regarding how the CARES Act can impact Qualified Retirement Plans and some responsibilities of plan sponsors. Hugh and Christine provided a detailed update to IRS Notices 2020-50 and 2020-51, which details the regulations involving COVID-19 related distributions from retirement plans and IRA’s. In addition, Christine pointed out that the rapidly approaching deadline of August 31,2020, for people who took required mandatory distributions before the onset of COVID-19. Hugh and Christine discussed updates on employee sponsored plans related to COVID-19 distributions, and the law surrounding how record- keepers must account for these distributions. Lastly, Christine discusses some recent ERISA compliance issues, i.e. employee salary deferrals and employer matching contributions.