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Proposed IRS Regulations for Hardship Distributions Offer Welcome Guidance
Pepper Hamilton LLP Link to more items from this source
[Guidance Overview]
Dec. 3, 2018

"While the expansion of available sources for hardship distributions and the elimination of the requirement that a participant first take a plan loan are voluntary changes, the proposed regulations require that, for any hardship distribution made on or after January 1, 2020, a plan may not impose the six-month suspension of employee contributions as a condition of obtaining the distribution."  MORE >>

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