A NON-TECHNICAL REVIEW OF QUALIFIED RETIREMENT PLAN LEGISLATIVE AND ADMINISTRATIVE ISSUES

HARDSHIPS GET A LITTLE EASIER 

EARLIER THIS YEAR, THE BIPARTISAN BUDGET ACT OF 2018 WAS PASSED BY CONGRESS AND SIGNED INTO LAW. While this law made several changes that impact retirement plans, one provision changing the rules around hardship distributions is particularly notable. As result of the act, changes to the hardship distribution rules for 401(k) plans will take effect for the 2019 plan year. There are three primary changes to the current hardship distribution rules: READ MORE…

 

Pin It on Pinterest

Share This