Any limit imposed by the regs or code on the amount of a hardhsip dist

[k man]

two things:

1) is there any limitation imposed by the regs or code on the amount of a hardhsip distribution? I am aware of the restrictions for the purpose and on earnings but i dont see any amount restriction?

2) does anyone know where i can get a sample hardship distribution form taking into account the 1999 law changes?

[R. Butler]

For 401(k) plans there are only 2 limitations I am aware of:

1. Generally can't exceed amount of elective deferral contributions made to the plan. (Small exception for earnings earned way back when)

2. Can't exceed the amount of the need.

I am not aware of any specific dollar amount limit.

[QDROphile]

Hardship distributions are not limited to elective deferral amounts. Post-1988 earnings on elective deferral amounts are not eligible for hardship distributions

[k man]

i always thought you could get a hardship from your employer source. does anyone have a sample form?

[Guest]

I believe the amount of hardship can also include the amount of withholding that might be taken on the match and profit sharing.

[Richard Anderson]

Be sure to read the document. Some plans may limit hardship distributions to elective contributions only; others will limit it to elective and rollover only; or it may allow hardships from all sources.