Compensation Strategies Group, Ltd.
Nicholas Pension Consultants
Nova 401(k) Associates
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|Hardship Withdrawal Allowed for Payment of Rent?|
BenefitsLink Message Boards
Sept. 2, 2021
"I have a participant in a plan that, as a result of her employer moving her from one location to another (and then having to also move her parents, because she is their caretaker), is requesting a hardship withdrawal to lease (i.e., rent) a house in her new location. She has no other source of funds and the employer would like to grant this request. As the lease is for, technically, her principal residence, would you be inclined to grant the withdrawal?"
|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).|