May Participants Roll Loans From One 403(b) Plan to Another?
Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
Tag: retirement plan loans
Can Plan Sponsors Reduce Plan Loan Minimums to Less Than $1,000?
Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
Union Members Report Faring Better Financially, Yet Take More Loans
Loans and hardship withdrawals from a retirement savings account are more prevalent among Taft-Hartley plan members, with Gen Xers leading...
Benefits |
Workers’ Emergency Savings Shortage Showing in Shaky Retirement Security
Fidelity Investments has revealed several best practices for employers to incorporate, bolstering access to emergency savings options and to limit...
Hardship Withdrawals Rose 36% Year-Over-Year in Q2
Bank of America participant analysis shows more employees prioritizing short-term expenses over long-term saving.
Opinions |
Protecting Workers’ Retirement Savings
How 401(k) loan insurance can maximize the power of automatic portability.
Retirement Contributions, Hardship Distributions Both Increased in Q1
Despite the markets dragging down retirement account balances, a snapshot of early-2023 activity shows workers still saving.
Understanding Retirement Plan Leakage Triggers and Costs
Participants have numerous reasons for taking a pre-retirement distribution.
Participant Call Volumes and Website Visits Spike in January
Recordkeepers say that, historically, retirement plan participants reassess their retirement savings and readiness picture at the beginning of the year.
Disadvantages to Allowing Loan Repayment or Initiation After Termination
Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
Participants Expressing COVID-19-Related Withdrawal Regret
They say loans and withdrawals put them in a better place financially, but they are concerned about their long-term financial...
COVID-19’s Effect on Retirement Savings Could Be Long-Lasting
Actions detrimental to employees’ long-term financial security have increased 50% since April, and illustrations show the effect of some of...
Administrative Considerations for CARES Act Transactions
Plan sponsors need to understand the details and ask themselves certain questions to make sure they are complying with the...
Debt, Homeownership Driving Participants to Withdraw Retirement Funds
Data about retirement plan participant loans and hardship withdrawals supports the need for better financial wellness programs, especially for Millennials...
(b)lines Ask the Experts – Raising the Loan Limit Above $1,000
Experts from Groom Law Group and Cammack Retirement Group answer questions concerning 403(b) plans and regulations.
(b)lines Ask the Experts – Must a Nonelecting Church Plan Require Spousal Consent?
Experts from Groom Law Group and Cammack Retirement Group answer questions concerning 403(b) plans and regulations.
Updating Loan Policies to Discourage Participants from Taking Plan Loans
Changes to maximum loan amounts and number of loans, as well as the imposition of fees and higher interest rates...
Opinions |
Winning by Default
George White, from Custodia Financial, discusses how the IRS’ new distribution code for retirement plan loan defaults could help inform...
Products |
Retirement Loan Eraser Now Helps Those Who Voluntarily Terminate Employment
The product expansion will keep the loan current for an additional three months to allow time for engagement, education and...
IRS Modifies Safe Harbor Explanations for Rollovers
The modifications take into consideration changes related to qualified plan loan offsets and other statutory changes.