Benefitting You! 

December, 2012 
In This Issue
Retirement Plans Can Make Loans, Hardship Distributions to Sandy Victims
When Disaster Strikes
New Study Affirms Auto Solutions Boost Retirment Readiness
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Retirement Plans Can Make Loans, Hardship Distributions to Sandy Victims
IRS

 

WASHINGTON - As part of the administration's efforts to bring all available resources to bear to support state and local partners impacted by Hurricane Sandy, the Internal Revenue Service announced that 401(k)s and similar employer-sponsored retirement plans can make loans and hardship distributions to victims of Hurricane Sandy and members of their families.

 

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When Disaster Strikes
Written by Molly Lockwood, Director of Human Resources, Sobel & Co.
Molly
Molly Lockwood
Tri-state area human resource professionals were kept busy in the aftermath of Hurricane Sandy, helping their companies stay on track, facilitating communications with employees, and working with company leaders to maintain business continuity.

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New Study Affirms Auto Solutions Boost Retirement Readiness

Submitted by Michael Israel, CFP® - Director- Investments

Katz Israel Katz Private Client Group of Oppenheimer & Co.

Michael Israel
Michael Israel

 

There is new hope that Americans will be better prepared for retirement, thanks to automatic features offered through employer-sponsored retirement plans, according to a study just released from Lincoln Financial Group. The survey explored plan sponsors' perspective on the value of automatic retirement plan features including automatic enrollment, automatic escalation and qualified default investment alternatives (QDIAs). The study found that 94% of plan sponsors recognize the success of automatic enrollment features in helping them address their plan-related goals and that these features drive higher participation and deferral rates along with better investment performance.

 

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