Unforeseen Emergency Withdrawal for Parent Funeral.

[Guest ronc]

In the case of an unforeseen emergency withdrawal from a 457 plan, who would be acceptable as a dependent and what would be acceptable proof of dependency? We have a request due to funeral expenses for a parent. Would the employee have to have been providing at least 50% of the parent's financial support in order to consider the parent a dependent? Does the IRC provide an acceptable definition of dependent for these purposes?

[Guest 457 Plan Consultant]

The regulations pertaining to unforeseeable emergencies refer you to IRC section 152(a) for the definition of dependent. See regs at 1.457-2(h)(4).