401(k) Changes in Response to COVID-19
The recent passage of the CARES Act included provisions that have allowed Union Pacific to make changes to withdrawal rules and loan repayment rules for our 401(k) plans for individuals affected by the coronavirus pandemic. Learn more here.
Plan participants will receive additional notification from Vanguard regarding these changes.
Investment advisors commonly caution investors to avoid accessing investment savings when markets are down, however we want to make you aware of new 401(k) plan provisions now available. If you qualify as an “affected individual”, we encourage you to confer with your investment advisor and/or tax advisor if you are considering utilizing any of these temporary plan provisions.