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  • irs releases guidance on disaster relief distributions and loans under 401k plans
    Publisher: ComplianceDashboard Blog

    irs releases guidance on disaster relief distributions and loans under 401k plans

    Learn about disaster relief distributions and expanded loans under qualified retirement plans.
    Learn about disaster relief distributions and expanded loans under qualified retirement plans.

    Tags: secure 2.0, loans, irs, disaster relief

    5 1
  • Troubling 401(k) trend: Raiding retirement savings with hardship withdrawals | BenefitsPRO
    Publisher: BenefitsPRO

    Troubling 401(k) trend: Raiding retirement savings with hardship withdrawals | BenefitsPRO

    Despite consistent contribution levels, many participants have been increasingly tapping their retirement savings - and avoiding foreclosure and paying medical expenses were given as the top two reasons, says Fidelity.
    Despite consistent contribution levels, many participants have been increasingly tapping their retirement savings - and avoiding foreclosure and paying medical expenses were given as the top two reasons, says Fidelity.

    Tags: participant behavior, financial wellness, loans, hardship

    5 1
  • 401(k) Balances Up in 2023, But So Are Hardship Withdrawals, Loans
    Publisher: 401(k) Specialist

    401(k) Balances Up in 2023, But So Are Hardship Withdrawals, Loans

    Retirement savings are up, but so are 401(k) loans. What to do? To provide a more holistic look at confidence around financial preparedness, a new report examines engagement across Health Saving Accounts (HSAs) and overall feelings of financial welln...
    Retirement savings are up, but so are 401(k) loans. What to do? To provide a more holistic look at confidence around financial preparedness, a new report examines engagement across Health Saving Accounts (HSAs) and overall feelings of financial welln...

    Tags: financial wellness, loans, hardship, employee benefit

    5 1
  • 401(k) Compliance Check #7: Five Administrative Policies Every 401(k) Plan Needs | Foley & Lardner LLP
    Publisher: Foley & Lardner

    401(k) Compliance Check #7: Five Administrative Policies Every 401(k) Plan Needs | Foley & Lardner LLP

    Five administrative policies every 401(k) plan needs 
    Five administrative policies every 401(k) plan needs 

    Tags: investment options, loans, cybersecurity, plan administration, missing participants, 401k, compliance

    5 1
  • Special Rule Regarding Loans for Participants on Military Leave
    Publisher: PLANSPONSOR

    Special Rule Regarding Loans for Participants on Military Leave

    Plan Sponsor Question of the Week, answered: What about 401(k) loans for employees on military leave?Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
    Plan Sponsor Question of the Week, answered: What about 401(k) loans for employees on military leave?Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.

    Tags: participant outcomes, loans, military

    5 1
  • Deemed Distributions Can Be Triggered by More Than Just Loan Nonpayment
    Publisher: PlanSponsor

    Deemed Distributions Can Be Triggered by More Than Just Loan Nonpayment

    Your retirement plan may provide a small window for employees to catch up on missed loan payments, plus more. Learn about loan specifications here
    Your retirement plan may provide a small window for employees to catch up on missed loan payments, plus more. Learn about loan specifications here

    Tags: participant behavior, loans, irs, distributions

    5 1
  • CARES Act Aftermath: What Plan Sponsors Need to Do
    Publisher: Plan Sponsor Consultants

    CARES Act Aftermath: What Plan Sponsors Need to Do

    Pandemic Relief May Bring Administrative Pain to Plan Administrators The CARES Act gave plan participants quick access to funds during the COVID crisis, although only about 6% of participants took advantage of the options offered.[1] However, as a pl...
    Pandemic Relief May Bring Administrative Pain to Plan Administrators The CARES Act gave plan participants quick access to funds during the COVID crisis, although only about 6% of participants took advantage of the options offered.[1] However, as a pl...

    Tags: loans, cares act, distributions, plan sponsor consultants

    5 1
  • IRS Reveals Retirement Plan Compliance Initiatives
    Publisher: PlanSponsor

    IRS Reveals Retirement Plan Compliance Initiatives

    6 IRS red flags. New compliance initiatives target participant loans, worker classification, RMDs, partial plan termination and partial vesting
    6 IRS red flags. New compliance initiatives target participant loans, worker classification, RMDs, partial plan termination and partial vesting

    Tags: loans, irs, compliance, rmds, vesting

    5 1
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