If you’ve been wondering why I haven’t posted about the effects of COVID-19 on employee benefits it’s because I’ve been practicing social network distancing. Just kidding. While we await Congress to pass and the President to sign the 2 trillion dollar stimulus package known as the CARES Act, I thought I would point out how
403(b) Plans
Hardship Proposed Regulations Require Thought About Plan Design
By Scott E. Galbreath, J.D., LL.M (Tax) on
Posted in 401(k) Plans, 403(b) Plans

Last November, the IRS issued proposed regulations incorporating several legislative changes regarding the ability of a 401(k) or 403(b) plan to make distributions to participants to relieve a hardship caused by an immediate and heavy financial…