The Importance of Addressing Participant Complaints
If a sponsor does not respond, they could face a civil and/or DOL lawsuit
Tag: hardship withdrawals
DC Plan Investors Stayed the Course in the First Nine Months of 2017
Only 2.4% discontinued contributions, a mere 2.8% took withdrawals and just 1.3% took hardship withdrawals, ICI data show
Hardship Withdrawal Changes Included in Budget Deal
Several provisions of the two-year budget bill affect retirement plans.
Loans, Suspended Deferrals Reduce Savings an Average of 14%
The impact is greater for younger investors, as they have a long time horizon for saving, MassMutual finds.
Scant Withdrawals From DC Plans in First Half of Year
The number of participants taking hardship withdrawals remained less than 1%.