Despite the popularity of target date funds, should sponsors have concerns about offering them in the plan investment menu? The short answer is “yes.” In this newsletter, also read about the IRS’ final ruling in September 2019 that not only makes it easier for participants to take a hardship withdrawal, but eases the plan sponsor requirements. Click here to access the newsletter.
The content on this website is intended for general informational purposes only and cannot be construed as advice or opinion provided by Shea Labagh Dobberstein CPAs, Inc. It is quite possible that the information provided here, while seemingly applicable to your financial situation, is in fact not applicable given your particular circumstances. Any guidance was applicable at the time of publication and may have been superseded by subsequent events and/or legislation. It is strongly advised that you contact an independent advisor before acting on any information presented.