Archives: 2019

Changes to Hardship Withdrawals

On September 23rd, the IRS published a final rule resulting from the Bipartisan Budget Act of 2018 (BBA). The new rules release several existing restrictions on taking hardship distributions from a 401(k) plan. Some of these changes are mandatory, requiring plan sponsors to make changes by January …Continued

Understanding a Fed Rate Cut

With the Federal Reserve Board of Governors’ (The Fed) recent decision to further cut interest rates, we would like to take the opportunity to shed light on what it means when the Fed cuts rates, why the rates are cut and the importance of understanding the potential impacts of this decision.What d…Continued

Johns Hopkins University Settlement with 403(b) Participants

Johns Hopkins University has recently reached a 14 million dollar settlement with current and former employees for allegations around mismanaging retirement funds in their 403(b) plan.  The University is accused of providing unreasonable compensation to multiple record keepers, offering too many in…Continued

“Moral Hazards” in GASB Accounting Rules

The National Conference on Public Employee Retirement Systems (NCPERS) has recently published a white paper titled “The Case for New Pension Accounting Standards.”  The author analyzed the accounting rules that the Governmental Accounting Standards Board (GASB) applies to public pension systems and…Continued