Human Resources
Article: Hardship Withdrawals Create Hardships for Plan Sponsors

Article: Hardship Withdrawals Create Hardships for Plan Sponsors


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Many plan sponsors and third-party administrators limit hardship distributions to the safe harbor reasons so as to avoid a “facts and circumstances” review of a hardship request, but the safe harbor rules to avoid such review include more than simply restricting hardship distributions to the safe harbor reasons.

Article: Hardship Withdrawals Create Hardships for Plan Sponsors



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