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Hardship Withdrawal - Member has mix of non-qualified Roth and Pre-tax money


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Is there a rule regarding the distribution order, based on fund type, for hardship withdrawals?

In the case of hardship, the Plan allows for distribution of all employer contributions plus earnings, as well as pre-tax and Roth employee deferral contributions (no earnings).

So, if a member has a combination of employer contributions and  pre-tax and (non-qualified) Roth deferral contributions, is the Plan required to distribute the available fund types pro-rata, or can the Member choose from which contribution type(s) he/she wants distributed?

 

 

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  • KaJay changed the title to Hardship Withdrawal - Member has mix of non-qualified Roth and Pre-tax money

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