To assist employees with the economic hardships resulting from COVID-19, recent guidance provides relief in the form of a payroll tax deferral (Deferral Program). Internal Revenue Service Notice ...

Though deferrals may feel like a setback, they’re not the end of the story. With the right perspective, they can spark deeper reflection and more intentional choices. One of the biggest selling points ...

CLEVELAND — Many Americans could see a boost coming in their paychecks through the end of the year. That’s due to a payroll tax deferral set to kick in Sept. 1. The payroll deferral is one of four ...

When President Trump issued an executive memorandum on Aug. 8, 2020 offering payroll tax deferral until the end of the year, a big question was whether the deferral — of the employee portion of Social ...

On the other side of the equation, plan loans were up 12% year-over-year, and hardship withdrawals increased modestly. In 2023, a record-breaking 43% of participants raised their rate of salary ...

Additionally, the number of plans with an initial 6% deferral rate for automatic enrollment now surpass those with 3% as the initial rate. Participants’ average deferral rate in their defined ...

In mid May 2020, we highlighted that the Fannie Mae and Freddie Mac (GSEs) COVID-19 payment deferral programs put mortgage servicers at risk of violating some of the Consumer Financial Protection ...