Hardship Withdraw from Profit Sharing Plan

[abanky]

Assuming a profit sharing plan allows a Hardship Withdraw, What are the IRS regulations on future contribution and what amount might be withdrawn(principal or principal + gains)?

[MWeddell]

There's little regulation of this. While many plans might use the 401(k) hardship rules, that's not required. Investment gains may be withdrawn and no suspension of future contributions is required.

If you'd like cites, see Treas. Reg. 1.401-1(B)(1)(ii) and Rev. Ruling 71-224.

[abanky]

Thank you