![]() ![]() The participant or the participant’s spouse, children or dependents, or the Hardship as set forth in the plan document:įor the next 12 months, including tuition, room and board, and other relatedĬharges for the participant or the participant’s spouse, children orĭependents, or the participant’s primary beneficiary* under the plan The following reasons qualify as a financial Must satisfy an immediate and heavy financial need. Requested by an active participant if he or she has a financial hardship and See the Contributions section for more details onīoth types of hardship withdrawals may be Matching contributions (source D) and only if the participant is 100% vested in Withdrawals apply only to employer profit sharing (source F) and employer (including Roth 401(k) contributions, source N). Withdrawals apply only to pre-tax 401(k) source contributions (source A) ![]() Hardship withdrawal types are allowed by your plan. ![]() Check your adoption agreement to see if either or both There are two types of hardship withdrawals:Ĥ01(k) and non-401(k). Profit sharing plans and profit sharing plans with 401(k) features. In general, hardship withdrawals may be allowed from Types of hardship withdrawals - if any - are allowed from your plan by checking Send IRS Form 1099-R to participant and IRS Determining if a hardshipĪs Plan Administrator, you can determine what ![]()
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