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Loosened Rules at Odds with Efforts to Cut Loans, Hardship Withdrawals
Pensions & Investments Link to more items from this source
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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