A recent IRS Issue Snapshot (link below) affirms a participant loan is a legally enforceable agreement and terms of the loan agreement must comply with Internal Revenue Code (IRC Section 72(p)(2) and Treasury Regulation Section 1.72(p)-1).

With the season changing and life ever pulling us forward, you may want to consider life changes which may affect your financial goals.

Retirement income funds can serve an important purpose as a participant investment option for retirement plans. When surveyed, many participants expressed interest in investment options which generate monthly income during their retirement years.

Nearly three-fourths of participants under 30 think employers should provide access to financial professionals and coaching to help them. Even more telling, 62% wish they could push an “easy button” and completely turn over retirement planning to someone else. This figure is up from 55% in 2016.

Participant data and financial accounts comprise some of the most sensitive and potentially vulnerable information under a company’s care. These highly valuable assets can be an attractive target for cybercriminals and therefore present considerable security risk.

Fiduciary Hot Topics for Q4 2021

Webinar Replay - Prepare for the Future with Peter Dunn