Compass
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Regional Vice President of Sales The Retirement Plan Company
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Bates & Company, Inc.
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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AimPoint Pension
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Loan & Distribution Specialist AimPoint Pension
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Loosened Rules at Odds with Efforts to Cut Loans, Hardship Withdrawals
Pensions & Investments Apr. 2, 2018
"2.3% of participants made hardship withdrawals in 2017. Over the same period, 10% of participants initiated loans, and 21% had loans outstanding ... While the implications of the new hardship withdrawal provisions are still being assessed by many plan sponsors, [some companies] are working in the meantime to ensure employees are making informed decisions about withdrawals and loans, and not jeopardizing their retirement nest eggs."
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