Browsing Tag
401(k) Hardship Withdrawal
39 posts
March Madness Betting Boom Raises Concerns for Retirement Savings
As Americans wager a record $3.3 billion on the NCAA tournament, recent data highlights the growing tradeoff between sports betting and long-term financial security
6 SECURE 2.0 Changes Coming to Retirement Plans in 2024
Employee Benefits Alert from law firm Bradley highlights key changes to 401(k)s in the coming year
$44 Million Pulled from DC Plans by Entertainment Workers During Prolonged Strike
Report says nearly 3,000 workers have filed for hardship withdrawals averaging $15,000 from their retirement plan in wake of writer’s strike
IRS Extends Tax Filing Deadline for Hawaii Wildfire Victims
Those impacted by the wildfires in Maui could also qualify for hardship withdrawal tax relief, said the IRS
401(k) Balances Up in 2023, But So Are Hardship Withdrawals, Loans
Bank of America's “Participant Pulse” survey reveals average plan balances have increased nearly 10% this year, but hardship distributions and loans are also on the rise
DC Withdrawal Activity Remained Low in 2022: ICI
Research from the Investment Company Institute finds withdrawal and contribution activity remained low in absolute terms throughout last year
5 Notable Participant Behaviors Identified in T. Rowe Price 401(k) Report
While participants have largely stayed the course amid inflation and market volatility, there are some interesting traits from report released today
BoA ‘401(k) Participant Pulse’ Report to Track Participant Confidence
The new reports from BoA will track 401(k) plan participant confidence to assess what trends are impacting retirement planning and financial wellness
Year-End 401(k) Plan Compliance Checklist
Deadlines and regulatory changes to make sure plan sponsors are ready for before 2022 rolls around
Latest Senate Bill Seeks ‘Penalty-Free’ Emergency Distributions from 401(k)s
Legislation that would provide a penalty-free “emergency distribution” option from 401ks and IRAs was unveiled today by Senator…