Participant Loans: A Fiduciary Storm Brewing?
Bruce Ashton, with Drinker Biddle & Reath, discusses the fiduciary risk defined contribution (DC) plan sponsors could face when participants default on plan loans.
Tag: participant loans
Distributions Basics Confuse Sponsors and Participants
The rules set around all the different types of qualified retirement plan distributions are quite complex, but plan sponsors have a lot of places to turn for support when learning about this pressing topic.
Less Than 1% of DC Plan Participants Took Hardships in the First Half of 2016
ICI also reports DC plan participants remained committed to investments and contributions.
DOL Provides Relief for Hurricane Maria, Wildfire Victims
The guidance for ERISA retirement and health plans follows relief provided by the IRS.
IRS Issues Memorandum on Plan Loan Cure Periods
IRS says missed repayments can be addressed in the following quarter or that participants can refinance a loan, but that it will still be due on the original due date.