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403(b) Plans Withdrawal Liability

Proskauer Rose LLP

ERISA Newsletter - Third Quarter 2019

Proskauer Rose LLP on

In this edition of our Newsletter, we take a look at a pair of cases that, while unrelated, together remind us of the importance of having clear plan rules in place that reflect the plan sponsor’s intention. The first article...more

Kramer Levin Naftalis & Frankel LLP

Hardship Distributions – IRS Clarifies Bipartisan Budget Act of 2018

The Bipartisan Budget Act of 2018 (BBA) made several changes with respect to Section 401(k) and 403(b) plans. The IRS recently issued a proposed amendment to the hardship distribution regulations to reflect the changes that...more

Troutman Pepper

Proposed IRS Regulations for Hardship Distributions Offer Welcome Guidance

Troutman Pepper on

Included in the February 2018 Bipartisan Budget Act were important changes to the hardship withdrawal rules for defined contribution plans (401(k) and 403(b) plans) and a directive ordering the Treasury Department to modify...more

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