Understanding Employee Benefits and key developments in the employee benefits field and items of interest to our clients. MORE

On September 23, 2019 the Internal Revenue Service (“IRS”) issued final regulations¬†amending the rules for hardship distributions from 401(k) and 403(b) plans (the “Final Regulations”). The Final Regulations modify the hardship requirements to reflect statutory changes and directives introduced by the Bipartisan Budget Act of 2018, the Tax Cuts and Jobs Act of 2017