hardship - possible changes due to law change

[Tom Poje]

in the other day's newsletter

https://www.spencerfane.com/publication/congress-eases-restrictions-hardship-withdrawals/

basically it says

can include earnings from deferrals

don't have to require ee to take loan first

don't have to suspend deferrals for 6 months

plan would have to be amended for these provisions, after 12/31/2018. entirely optional, not required to amend.

[Bird]

Just a reminder/clarification that these are effective for plan years beginning after 12/31/18.

[Loves401(k)]

Bird is that supposed to say after 12-31-18?

[Bird]

Yes, sorry!  (fixed)