The IRS recently released Notice 2020-62, which has modified the safe harbor explanations used to satisfy the 402(f) notice that is required to be provided by a plan sponsor to a recipient of an eligible rollover distribution. The explanations of the safe harbor have been modified after taking into consideration the changes made in the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act) and the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). Modifications include changes related to qualified plan loan offsets and guidance issued on self-certification of eligibility for a qualified birth and adoption distributions, coronavirus-related distributions, and the new required beginning date by which an employee or an IRA owner must begin taking required minimum distributions (RMDs).