Retirement

• Do contributions to an employee stock ownership plan, or ESOP, qualify as retirement benefits when computing the forgivable amount of a PPP loan?
• What types of tax-deductible ESOP contributions may be considered retirement benefits for forgiveness?
• How much of the ESOP contribution paid within the Covered Period counts toward forgiveness?
• Can I make my profit-sharing contribution for 2019 in the Covered Period and include it in my forgiveness calculation?
• How about a defined benefit plan paid at the end of the year as an annual payment?
• Can owner retirement contributions be included in the forgiveness calculations?
• Will my matching 401(k) contributions to my employees count for forgiveness?
• Can I prepay during my Covered Period future 401(k) matching contributions and get forgiveness?