In September 2019, the Internal Revenue Service (IRS) and Department of Treasury issued final regulations easing restrictions on hardship distributions from defined contribution retirement plans. While there were a number of important changes in the regulations, this blog focuses on changes regarding […]
According to The Multiemployer Retirement Plan Landscape: A 15-Year Look (2002-2016), the average defined contribution (DC) plan account balance increased significantly from 2002 to 2016, growing to $38,900, while aggregate disbursements also grew. The increase in disbursements—coupled with a lack of growth […]
Wondering why your communication isn’t more effective in helping workers make better financial decisions? Or what you can do differently to encourage employees to improve their retirement security? This National Employee Benefits Day—celebrated on April 2, 2018—we are encouraging plan sponsors to […]