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Hardship Withdrawal Allowed for Payment of Rent?
BenefitsLink Message BoardsLink to more items from this source
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?"

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