Browsing Tag
loans
18 posts
Student Debt and Employee Benefits: What Plan Advisors Need to Know
There’s never been a better time to contribute to employees’ student debt repayment
COVID-19 Retirement Plan Loan Recipients Took More Than Needed
Nearly half of individuals who took a loan or withdrawal from their retirement plan during the COVID-19 pandemic…
Top 10 401k Plan Loan Myths, Misdirections and Misrepresentations
On Tuesday, February 16th, I listened to an Employee Benefits Research Institute webcast on financial wellness. The speakers…
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Stop Leaks: Plan Loans
Did you know that, according to the Bureau of Labor Statistics (BLS), the median tenure for American workers…
IRS Expands 401k Withdrawal, Loan Eligibility Under CARES Act
The Internal Revenue Service is making it easier (again) to access 401ks for loans and withdrawals. Released Friday,…
States Where People Need Loans Most Due to the Pandemic
PPP loans, 401k loans and the number of loans just needed to get by—and whether to take them—are…
11 Financial Steps to Help in the Coronavirus Pandemic
While early withdrawals from a retirement account are normally frowned upon, but special circumstances sometimes require special needs.…
How 401k Plan Sponsors Are Responding to Coronavirus and CARES
Employers are still evaluating the retirement-related optional provisions in the Coronavirus Aid, Relief, and Economic Security Act (CARES),…
Recordkeepers Waive 401k Fees, Donate in COVID Crisis
[Further Update: Securian Financial is waiving all COVID-19 related 401(k) distribution fees for the retirement plans it serves…
How to Properly Pay Back a 401k Loan in the Coronavirus Pandemic
How and when a laid off or terminated employee must pay back a 401k loan before it reverts…