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In the first three quarters of 2019, just a few more participants in defined contribution plans took money from their plans than they did in the first three quarters of 2018.

So says a report from the Investment Company Institute, which pointed out that it wasn’t a large change from the prior year—3.3 percent of participants took withdrawals, compared with 2.9 percent in 2018—and that hardship withdrawals actually fell just a fraction, with 1.6 percent of DC plan participants taking a hardship withdrawal compared with 1.4 percent during the same period.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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