Client Service August 22nd, 2023 IRS Provides Tax Relief for Hawaii Wildfire Victims Victims of the wildfires on the islands of Maui and Hawaii are eligible for Internal Revenue Service tax relief, including waiving the...
Compliance November 2nd, 2021 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.
Compliance September 20th, 2019 Final Hardship Withdrawal Rules Issued The final regulations reflect statutory changes, including changes made by the Bipartisan Budget Act of 2018.
Compliance April 2nd, 2019 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...
Compliance November 12th, 2018 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.
Data & Research July 30th, 2018 Retirement Plan Leakage Thwarts Automatic Enrollment A TIAA study finds the feature's benefit are continuously offset by pre-retirement withdrawals and plan loans.