One of the more difficult tasks confronting plan administrators is the determination of eligibility for hardship distributions, which allow plan participants to access their retirement accounts for financial hardship. The IRS has provided new guidelines to help simplify the process of substantiating hardship claims. The following article describes the new guidelines and how they will be applied.
To read more, see the article “New IRS Guidelines for Hardship Distributions.”
Learn more about our Employee Benefit Services practice