BTH Posted May 15, 2008 Posted May 15, 2008 Profit Sharing Plan that has J&S provisions, so requires spousal consent on distributions over $5,000. Active participant is requesting a Hardship Distribution and has a balance of less than $5,000. Is spousal consent required? Thanks.
J Simmons Posted May 15, 2008 Posted May 15, 2008 Not if the hardship withdrawal is taken at a time when, as you explained, the vested benefits total $5,000 or less. John Simmons johnsimmonslaw@gmail.com Note to Readers: For you, I'm a stranger posting on a bulletin board. Posts here should not be given the same weight as personalized advice from a professional who knows or can learn all the facts of your situation.
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