The Treasury Department and the IRS recently finalized new hardship distribution rules applicable to defined contribution plans. Plan sponsors should prepare for operational changes to comply with the new regulations, including some beginning January 1, 2020.
Smarter and Not Harder: The New IRS Hardship Distribution Regulations
By Jeffrey Holdvogt and Maggie McTigue on November 19, 2019
Posted In Employee Benefits, Retirement Plans
Jeffrey HoldvogtJeffrey (Jeff) M. Holdvogt advises clients regarding a wide range of employee benefits matters. He focuses primarily on the design and administration of complex pension, defined contribution and executive deferred compensation arrangements. Jeff counsels privately and publicly held corporations on ongoing day-to-day retirement and executive compensation issues, as well as employee benefits design and transition matters arising from corporate mergers, acquisitions and divestitures. Read Jeff Holdvogt's full bio.
Maggie McTigue Maggie McTigue focuses her practice on employee benefits matters relating to pension and 401(k) plans, executive compensation, and health and welfare benefit plans. She regularly assists clients with employee benefit plan filings and notices required by the Department of Labor and the Internal Revenue Service. Maggie also has experience regarding plan investment issues under the Employee Retirement Income Security Act of 1974 (ERISA). Read Maggie McTigue's full bio.
Related Posts
- IRS Announces 2023 Employee Benefit Plan Limits
- When Are Cryptocurrencies Appropriate Investments for Retirement Plans and IRAs?
- IRS Announces 2022 Employee Benefit Plan Limits
- IRS Announces 2022 Retirement Plan Limits
- Full Disclosure Required: Lifetime Income Estimates on Defined Contribution Plan Benefit Statements
BLOG EDITORS
STAY CONNECTED
TOPICS
ARCHIVES
RECENT POSTS
- IRS Issues Reminder that Claims Under Health and Dependent Care FSAs Must Be Substantiated
- Buyer Beware: The Newest Wave of Hospital/Fixed Indemnity Programs Promising Payroll Tax Savings
- CMS Releases Proposed Rule: Medicaid Program; Ensuring Access to Medicaid Services
- Bipartisan Health Bills Pick Up Steam, but Contentious Debt Ceiling Negotiations Continue
- CMS Ups Hospital Price Transparency Enforcement, Seeks More Authority from Congress
