TIAA Finds Retirement Plan Leakage Offsets Automatic Enrollment Benefits
While automatic enrollment generates positive effects, a report argues how these results are counterweighed by pre-retirement withdrawals.
Tag: retirement plan loans
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...
ERISA Excessive Fee Suit Filed Against University of Rochester
The suit challenges fees paid to provider TIAA.
Most Claims Dismissed in Case About TIAA Loan Processes
A federal district court judge agreed that TIAA is not a fiduciary with respect to the design of its participant...
Budget Deal Includes Provisions Affecting Retirement Plans
Among other things, the bill allows for hardship withdrawals from more contribution types.
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...
IRS Extends Disaster Relief to Hurricane Maria, Wildfires Victims
The agency has relaxed loan and hardship distribution rules.
Congress Adds to Relief for Hurricane Victims
The act, signed into law last week, allows tax-penalty-free withdrawals and larger loan amounts from retirement accounts than current statutory...
Loan Defaults and Military Leaves of Absence
“I have a question regarding the ‘cure’ period after which a retirement plan loan would go into default in relation...