Tag: hardship withdrawal

Plan sponsors offering 403(b) plans may be able to operate them more like 401(k)s after SECURE 2.0, according to experts.

Experts suggest plan sponsors pair automatic features with multichannel education and emphasize to workers that they should save for retirement...

Educating participants and offering them guidance on rollovers can substantially reduce loans, hardship withdrawals and cash-outs, experts say.

The recordkeeper is making the move in response to the CARES Act.

The firm is also offering free fiduciary and wellness services.

According to PSCA, relatively few sponsors have seen participants taking out excess hardship withdrawals.

The Savings Preservation Working Group says that at least 33% and as many as 47% of plan participants withdraw part...

The GAO interviewed retirement plan stakeholders and found several ways to stem the tide of funds leaving 401(k)s and IRAs.

A mere 2.7% of Americans stopped contributing to their defined contribution plan in 2017, the ICI reports.

ICI recordkeeper data shows that in the first nine months of 2017, the amount of participants contributing or taking a...