Tag: loans from retirement plans

What Employers Need to Know When Employees Seek Loans, Withdrawals from Retirement Plans

By New Hampshire Employment Law Letter Dec 4, 2009 HR Hero Line

Updated: Dec 4, 2009

by Douglas R. Chamberlain When facing financial difficulties, employees often look to their retirement plans as a possible source of needed funds. Many plans offer participant loans or permanent withdrawals, the latter generally on a hardship basis. However, plan loans and withdrawals can jeopardize the employee’s retirement benefits, and both are subject to complex rules […]

What Employers Need to Know When Employees Seek Loans, Withdrawals from Retirement Plans

By New Hampshire Employment Law Letter Mar 6, 2009 HR Hero Line

Updated: Mar 6, 2009

(Updated Dec. 4, 2009) by Douglas R. Chamberlain When facing financial difficulties, employees often look to their retirement plans as a possible source of needed funds. Many plans offer participant loans or permanent withdrawals, the latter generally on a hardship basis. However, plan loans and withdrawals can jeopardize the employee’s retirement benefits, and both are […]