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Less than 5% of Americans have made early withdrawals from their retirement accounts during the COVID-19 crisis, according to a poll of plan sponsors by investment consulting firm NEPC, LLC.

Despite the low number of early withdrawals, about half (49%) of the plan sponsors who responded said that they do expect CARES Act related distributions to increase at least somewhat in the remainder of 2020.

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Steve Salkin

Steve Salkin, Esq. is the Editor-in-Chief of ALM's Law Journal Newsletters. He can be reached at [email protected].