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Actually, the tantrum is later when taxes are due.

If using the IRS safe-harbor hardship rules I think this is correct because you have to exhuast all other avenues of receiving funds before requesting a hardship and the participant has access to funds w/o requiring a hardship though the in-service feature. On the plus side you don't have the 6 months suspension of deferrals for in-service that you have hardship.

As a rule if the document is silent then all plans have a provision in them that say the Administrator has the authority to reasonably interpret the plan provisions as long as doing so is non-discriminatory and reasonable. I think either date can have a case is made meets those criteria. But to me LOA doesn't mean terminated so the more natural or dictionary meaning of the word employed says a person on a LOA is employed. As such that points towards the 7/1 date,.