401k and 403b Hardship Rules Changes in 2020

On September 23, 2019, the IRS published final regulations for hardship distributions for both 401(k) and 403(b) plans. The new rules relax existing restrictions on taking hardship distributions from defined contribution plans.  The Final Regulations make the following mandatory and optional changes to the hardship distribution requirements. Mandatory Changes Elimination of the Six Month Contribution Suspension […]

Read More

More From the Blog

Next Level Jobs: Funding for Indiana’s Future

Over the next ten years, there is projected to be over 1,000,000 job vacancies that need to be filled in Indiana. Currently, it is estimated that there are over 85,000 jobs unfilled in Indiana due to a shortage of skilled workers. Does your organization have positions unfilled with very little to no prospects in sight? […]

Read More