Increases in retirement plan loans, withdrawals no cause for concern

June 2008
Employee Benefit News;Jun2008, Vol. 22 Issue 7, p1
The article reports that increases in retirement plan loans and hardship withdrawals in 2008 are no cause for concern among plan sponsors, providers or industry experts in the U.S. According to Dallas Salisbury, president of the Employee Benefit Research Institute, press coverage suggesting a significant increase in loan and withdrawal rates is overstated. A table that lists the reasons for premature 401(k) withdrawals, by age, is presented.


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