What’s New For Benefit Plan Sponsors? Hardship Withdrawals and Plan Loans

The IRS recently announced that benefit plan sponsors are now required to keep documentation of any loans or hardship withdrawals that participants must take from their plans. Consequently, plan sponsors must now keep their own copies of records instead of relying on recordkeepers to do so. Watch as Christine Noll-Rhan discusses how plan sponsors can fulfill their fiduciary responsibility under the IRS’ new regulations.

2018-11-12T15:46:18+00:00January 26th, 2017|EMPLOYEE BENEFIT PLANS, VIDEO|