What Employers Need to Know When Employees Seek Loans, Withdrawals from Retirement Plans
(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 […]