Impact of Corrective Distributions on Hardship Available

[Guest Paul Hinderegger]

Assuming that a participant's aggregate elective deferrals to a plan as of the date of the hardship distribution is $20,000 and assuming that he/she had received a corrective distribution from the 401(k) source (ie - ADP, 402(g) or 415) several years earlier of $1,000, is the amount available for the hardship withdrawal $20,000 or $19,000? In other words, do corrective distributions reduce the principal amount of elective deferrals for hardship available purposes?

Any help is appreciated.