Regional Vice President of Sales The Retirement Plan Company
|
Bates & Company, Inc.
|
AimPoint Pension
|
Loan & Distribution Specialist AimPoint Pension
|
Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
|
Compass
|
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
401(k) Plan Loans: Balancing Fiduciary Concerns, Retirement Outcomes and Employee Perceptions
Bruce Ashton in 401(k) Fridays Aug. 20, 2019 "[H]ardships are a worse alternative because at least a loan can be repaid, whereas a hardship distribution represents permanent leakage.... [K]eep the plan loan provision, make it as flexible as possible in terms of repayment after termination of employment, try to educate participants on using participant loans responsibly, but ... require loan insurance to at least plug the hole that's caused by an unexpected, involuntary termination." |
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 linked news item's title). |
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |