Hardship Withdrawal Safe Harbor Covers Tuition, But Not Loan Repayments
Plans which permit non-safe harbor hardship distributions could theoretically approve a participant’s hardship distribution request for the repayment of student...
Tag: hardship withdrawals
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New Guide for 403(b), 457 Plans from NTSA
The guide includes information on rollovers, loans, hardship withdrawals and much more.
(b)lines Ask the Experts – Amounts Allowed for 403(b) Hardships Under Budget Bill
“We currently sponsor an Employee Retirement Income Security Act (ERISA) 403(b) plan and allow hardship withdrawals for elective deferrals, but...
Budget Deal Includes Provisions Affecting Retirement Plans
Among other things, the bill allows for hardship withdrawals from more contribution types.
Loans, Suspended Deferrals Can Reduce Nest Eggs by as Much as 20%
The damage is worse for younger workers, as their savings time horizon is longer than older workers.
Work in Retirement Could Be an Elusive Goal for Many
Data shows that only 20% of people 65 and older were in the workforce in 2016, yet 56% of workers...
DOL Provides Relief for Hurricane Maria, Wildfire Victims
The guidance for ERISA retirement and health plans follows relief provided by the IRS.
Regulators Provide Relief for Hurricane Harvey Victims
The IRS is loosening hardship withdrawal and loan rules, and the DOL announced postponed deadlines for Form 5500 filing, among...
DC Investors Stayed the Course in Q1 2017
Amid strong market returns in Q1 2017, most participants left asset allocations in DC plans unchanged, according to a new...