Compliance
Compliance
Compliance
Compliance
Data & Research
IRS Summarizes Retirement Plan Hardship Withdrawal Rules
An updated Issue Snapshot reflects changes made by the Bipartisan Budget Act of 2018 and subsequent IRS regulations.
Final Hardship Withdrawal Rules Issued
The final regulations reflect statutory changes, including changes made by the Bipartisan Budget Act of 2018.
Updated Operational Compliance List Includes Hardship Withdrawal Changes
The list identifies matters that may involve either mandatory or discretionary plan amendments depending on the particular plan, and may reference other significant guidance that affects daily plan operations.
Proposed Hardship Withdrawal Amended Regulations Issued by IRS
Under the proposed regulations, 401(k) plan sponsors could choose to make additional accounts available for hardship withdrawals.
Retirement Plan Leakage Thwarts Automatic Enrollment
A TIAA study finds the feature's benefit are continuously offset by pre-retirement withdrawals and plan loans.