Featured Jobs
|
Principal Legal Content Specialist - Benefits
Bloomberg Industry Group
|
|
401(k) Retirement Plan Administrator
Heritage Pension Advisors, Inc.
|
|
401(k) Retirement Plan Administrator
BDS Consulting Group
|
|
Defined Benefit Plan Administrator
Pension Investors Corp of Orlando Inc
|
|
Pension Investors Corp
|
|
Pinnacle, An NPPG Company
|
|
Ubiquity Retirement + Savings
|
Free Daily News and Jobs
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|
|
<< Previous news item | Next news item >>
|
New Law Exempts Plan Loans from Bankruptcy (PDF)
Seyfarth Shaw LLP 
Jan. 18, 2006
1 page. Excerpt: The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, which became effective on October 17, 2005, exempts loans to an employee from a tax-qualified retirement plan, such as a 401(k) plan, from the bankruptcy process. As a result, plan administrators who are notified that a participant has filed bankruptcy after October 17 are no longer required to stop payroll withholding in order to repay a plan loan, or to declare the plan loan in default.
|
| Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the link above). |
| An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified). |
