Latest news, events, research and insights for Employee Benefit Plans

IRS Allows Loans and Hardship Distributions from Employer Sponsored Retirement Plans for Hurricane Sandy Victims
November 30, 2021

The Internal Revenue Service has announced that 401(k)s and similar employer sponsored retirement plans can make loans and hardship distributions to those impacted by Hurricane Sandy. Hardship withdrawals must be made by February 1, 2013. For questions related to this E-alert and employee benefit plans, contact Partner Donna Massanova, ParenteBeard’s practice leader for employee benefit plans at [email protected].

Read the full e-alert here.