IRS Issues Further Guidance on 401(k) Withdrawals, While Participants Hold Steady

The IRS recently issued additional guidance on the eased rules for hardship withdrawals that 401(k) and similar defined contribution retirement plans can put in place under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, enacted in March. New data show, however, that an expected surge in plan withdrawals hasn’t happened.
Source: New feed 2