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403(b)

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Are we required to suspend employee contributions after a hardship withdrawal?

Are we required to suspend employee contributions after a hardship withdrawal?

  • Post author:Mizan J. Rahman
  • Post published:June 3, 2019
  • Post category:401(k)/403(b)/Q&A

Background We are a 501(c)(3) nonprofit organization and sponsor a 403(b) plan. One of our employees just took a hardship…

Continue ReadingAre we required to suspend employee contributions after a hardship withdrawal?
Paying Retirement Plan Expenses Using Forfeiture Money

Paying Retirement Plan Expenses Using Forfeiture Money

  • Post author:Mizan J. Rahman
  • Post published:June 1, 2019
  • Post category:401(k)/403(b)/Forfeiture

KEY POINTS   ·     Certain plan expenses can be paid from forfeitures ·     Critical to review the plan document to…

Continue ReadingPaying Retirement Plan Expenses Using Forfeiture Money
Must Know Differences (And Similarities) Between 401(k) And 403(b) Plans

Must Know Differences (And Similarities) Between 401(k) And 403(b) Plans

  • Post author:Mizan J. Rahman
  • Post published:June 1, 2019
  • Post category:401(k)/403(b)

Whether you are a plan sponsor, financial advisor, CPA, or ERISA attorney, you know that section 401(k) and 403(b) plans…

Continue ReadingMust Know Differences (And Similarities) Between 401(k) And 403(b) Plans
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