Creative Pension Consultants, Inc.
Nicholas Pension Consultants
Compensation Strategies Group, Ltd.
The Retirement Plan Company (TRPC)/an ABG firm
ERISA Services, Inc.
Nova 401(k) Associates
Atlantic Pension Services Inc
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|Hardship Withdrawals: Rules and Required Documentation|
Benefit Resources, Inc.
June 17, 2015
"Plan Administrators [should] retain the following records with respect to hardship withdrawal requests:  Documentation of the hardship application or request including your review and/or approval of the request.  Financial information or documentation that substantiates the employee's immediate and heavy financial need. This may include insurance bills, escrow paperwork, funeral expenses, bank statements, etc.  Documentation to support that the hardship was made properly and in accordance with the plan provisions and the IRS regulations.  Evidence that the payment was made to the participant and reported on Form 1099R."
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