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IRS Views on Self-Certification of Financial Hardship
Benefits Bryan Cave Link to more items from this source
[Guidance Overview]
Mar. 15, 2017

"In cases where any participant has received more than two financial hardship distributions in a single plan year, the guidelines advise agents to request source documents supporting those distributions if a credible explanation for the multiple distributions cannot be provided.... [P]lan sponsors may wish to consider limitations on the number of financial hardship distributions that a participant may take or to apply a more stringent process for approving requests for financial hardship distributions where more than two requests are made in any plan year."

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