July 23, 2020
How about a defined benefit plan paid at the end of the year as an annual payment?
Posted by Armanino Financial Advisory Team
A defined contribution plan is just like any other retirement plan, and if you can allocate the portion that is attributable to the period now, if it’s calculable, you could do that. You could put it in your forgiveness calculation, but you would also have to fund it and pay it so that it was both earned and paid in the Covered Period.