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Quarterly Considerations 9/30/2019


Hardship Changes Under new Internal Revenue Service (“IRS”) rules effective as of 2020, the six month waiting period for 401(k) contributions post-hardship distribution is eliminated. Participants are no longer required to first take a plan loan and additional employer contribution sources are eligible for a hardship distribution.

Supreme Review Three ERISA cases are heading to the Supreme Court.  Decisions in each case, which include defined benefit issues, statutes of limitations and employer stock losses, may impact how plans sponsors view and treat their fiduciary responsibilities. Please ask us for more details.


ESG Barriers – Concerns about performance (60 percent of responses) and difficulty in evaluating investment products and strategies (53 percent) were the most common issues cited in preventing organizations from pursuing sustainable investments in a recent SEI survey.  Ask us how we think about Mission-Aligned Investing™.

Donor-Advised Funds – Do you plan to make charitable gifts before year-end? Have you considered a donor-advised fund? Since the passage of the Tax Cuts and Jobs Act, utilizing a donor-advised fund to lump multi-year planned gifting into a single tax year has provided many with tax savings.

An Eye on DistributionsWith strong market performance this year, your taxable portfolio could be holding investments that may generate significant capital gain distributions towards year-end.

Saving for College Is there a new addition in your family? According to the College Board’s “Trends in Annual Pricing” report, college costs have steadily risen more than two percent above inflation over the last 10 years. It is never too early to start saving for college.

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