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Are You Keeping the Right Documentation for 401(k) Hardship Distributions?
Bradley Arant Boult Cummings LLP Link to more items from this source
[Guidance Overview]
Mar. 3, 2017

"[In a Feb. 23, 2017 IRS memorandum, Employee Plans (EP) Examinations employees] are directed to obtain 'source documents' such as 'estimates, contracts, bills and statements from third parties.' Second, EP employees are directed to obtain a summary of the information contained in the source documents. The summary should include certain notifications made to the employee before the hardship[.]"

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