As we wrote in November 2018, the Treasury Department issued proposed regulations that significantly relaxed many rules governing hardship distributions from qualified plans, including eliminating requirements that employee...more
10/11/2019
/ 403(b) Plans ,
Distribution Rules ,
Employee Benefits ,
Employer Contributions ,
Final Rules ,
Hardship Distributions ,
IRS ,
Proposed Regulation ,
Qualified Retirement Plans ,
Regulatory Requirements ,
Retirement Plan ,
Rulemaking Process ,
U.S. Treasury
Included in the February 2018 Bipartisan Budget Act were important changes to the hardship withdrawal rules for defined contribution plans (401(k) and 403(b) plans) and a directive ordering the Treasury Department to modify...more
11/30/2018
/ 401k ,
403(b) Plans ,
Bipartisan Budget ,
Defined Benefit Plans ,
Employee Benefits ,
Hardship Distributions ,
IRS ,
Proposed Regulation ,
QMAC ,
QNEC ,
Regulatory Agenda ,
Regulatory Oversight ,
Retirement Plan ,
Taxation ,
Withdrawal Liability