Old News: SHRM highlights Income Advance as an employee benefit

Written By Christina Blunt

Author note: In the spirit of capturing the history of our programming and efforts, we are sharing a series of archival media coverage under the heading “Old News.” We hope you will enjoy this journey down memory lane!

In February of 2020, the Society for Human Resources Management (SHRM) explored the impact that the Income Advance program has on 401(k) hardship withdrawals in an article titled, “How Income-Advance Loans Help Financially Stressed Employees: Access to emergency loans prevents 401(k) hardship withdrawals.” You can read the article here.

Christina Blunt
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