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Legislation Impacts Hardship Withdrawals and Loans from Qualified Retirement Plans (PDF)
ASC Link to more items from this source
[Guidance Overview]
July 24, 2018
"[U]ntil Congress makes a technical correction to the law or the IRS issues clarifying guidance, plan sponsors should take a conservative approach to granting hardship distributions under the casualty loss safe harbor standard.... Although amendments to the plan appear unnecessary, plan sponsors should review and, if necessary, modify current hardship applications to ensure they are clear with respect to the new Code Section 165 deduction requirement."

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