Concordia Plan Services has shared the following message with plan participants:
“With the current situation, you may be feeling anxious about your Concordia Retirement Savings Plan investments and Concordia Retirement Plan pension benefits. While we could not predict the current market situation, we are prepared for it. We have diligently planned for all potential market environments, including market turmoil like we are currently experiencing.”
In addition, CPS has compiled the following resources for plan participants:
https://www.concordiaplans.org/hub/covid-19-what-you-need-to-know.html
Please refer to this web page for further updates from Concordia Plan Services.