Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

Education Consultant

(Remote / Putnam Valley NY)

Pentegra logo

Retirement Plan Administrator

Nicholas Pension Consultants
(Remote / Corona CA / Rancho Cordova CA)

Nicholas Pension Consultants logo

Retirement Plan Analyst/Administrator

Compensation Strategies Group, Ltd.
(Remote / Beaumont TX)

Compensation Strategies Group, Ltd. logo

Quality Assurance Manager

Nova 401(k) Associates

Nova 401(k) Associates logo

View More Employee Benefits Jobs

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile App image LinkedIn icon
Twitter icon
Facebook icon

<< Previous news item   |   Next news item >>

No Need for Documentation of Reasons for a Hardship Distribution?
BenefitsLink Message BoardsLink to more items from this source
July 15, 2021

"Client has a participant who is requesting a hardship in a plan that's with one of the large national 401k vendors. Client called the vendor. (We're the TPA.) Backup documentation comes up during the conversation. Vendor tells the client that 'unless the TPA needs the backup documentation then it isn't necessary anymore to get such documentation on hardships from the participant.' Is that correct?"

Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the link above).
An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).
© 2022, Inc.