Tag: Plan Documents

Sponsors Need To Plug Leaks for Loans, Withdrawals

Rules barring participants from making 401(k) contributions for six months after taking a hardship withdrawal should be eased to help employees more quickly recover a more substantial retirement nest egg by resuming savings more quickly, a new government report suggests.

Benefits Choices Hold Steady Despite Economy

Despite the tough economy, nearly nine in 10 employees are planning to maintain or increase the number of benefits they select and/or their coverage for next year, according to MetLife's 2009 Open Enrollment Poll.

Common Law Spouse Wins Right to Plan Distributions

Once two 401(k) plan administrators learned a dead participant’s common-law spouse was legally validating her marital status, the plans should have postponed distribution of the participant’s balance until the issue was settled, a federal appellate court has ruled.