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View More ASPPA [American Society of Pension Professionals & Actuaries] Webcasts and Conferences

Loans Issues and Hardship Rules That Complicate Administration

ASPPA [American Society of Pension Professionals & Actuaries]

Dec. 19, 2018
2:00 p.m. - 3:40 p.m. ET

This informative webcast will cover the challenges inherent in the administration of hardship withdrawals and participant loans. You will gain insights into ways to avoid various pitfalls that could lead to operational violations, loan defaults, etc. We will discuss the operational correction methods under the latest EPCRS release, when violations do occur. We will also discuss the latest changes to hardship withdrawals that will be effective in 2019. We will touch on the temporary relaxation of hardship and loan rules for participants impacted by recent natural disasters. Finally, we will cover the latest trends and survey results regarding plans offering loans and hardship withdrawals.

Learning objectives:

  • Become familiar with typical loan administration issues and problems and loan default rules
  • Become familiar with hardship withdrawal administration issues and problems
  • Become familiar with new rules on hardship withdrawals effective in 2019
  • Review self-certification rules

Speaker: Michael F. Smith, QPA, QKA, Vice President of Qualified Plan Consulting, Voya Financial

Continue by clicking on the following link:

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