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Posted

I have an employee who already took one withdrawal in February for mortgage delinquency, and now he’s requesting a second.  However, he’s using the same paperwork/event he used for the first withdrawal.  Based on the bill provided, he did not withdraw enough on the first event to cover the full expense.  But I’ve never had someone submit two different withdrawal requests using the same documentation, so I’m not sure if that would be allowed.

I appreciate any help/insight that you can provide!

 

Posted

As long as it is not covering the same expense twice it should be fine.  In other words, I have a medical bill for $10,000.  I believe that I have $5,000 available elsewhere so I take a $5,000 hardship to cover the balance.  I end up not being able to pay the other $5,000 so I need another hardship.  As long as the combined hardship withdrawals do not exceed the documented expense it shouldn't be a problem.

 

 

Posted

agree with RBG.....it could be the employee thought they had the $s elsewhere for the difference and then ended up not having it....   As long as the sum of the two don't add up to be more than the proof, I'd be okay with that documentation.

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