Tuesday, March 30, 2021

Deliver exceptional loan administration when your employees need it most.

During times of uncertainty, employees may rely more heavily on loans, making quality administration even more important. We’re here to help with guidance and tools for you and your employees.


New regulations for extending rollover periods for certain loan offset amounts

If the plan has a loan provision, your employees could be impacted by new legislation.


Last year, we provided an overview of proposed regulations to clarify the extension of rollover periods for qualified plan loan offset (QPLO) amounts. These regulations have now been made final with only one change: The effective date has been delayed. It now applies to loan offset amounts that are treated as distributed on or after January 1, 2021. You may apply the new regulations to offsets occurring on or after August 20, 2020. However, it's not required.


To learn more about this legislation—and understand any implications for your employees—read the updated article.


Best practices for online loan administration

If online plan loans are allowed, you can keep loan administration running smoothly by using these best practices. Read the article.