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Spousal consent for hardship withdrawals


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Posted

Is spousal consent required for a hardship distribution from a 401(k) plan?

Posted

If the plan is subject to the spousal consent requirements, then yes....

Posted

As an addition to MoJo's comment, the plan will have spousal consent requirements if it contains joint and survivor annuities. If the plan contains only lump sums and/or installments, spousal consent should not be needed unless the plan specifically contains such a requirement.

Guest pstowers
Posted

This doesn't pertain just

to hardship withdrawals, but if the plan has lump sum as default distribution and options of J&S or installments, is a spousal consent form needed for a)hardship loan or withdrawal and b)Distribution at termination?

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