Focus: Hardship Distributions from 401(k) Plans
- Does the plan permit hardship distributions?
- What qualifies as a hardship?
- Are other financial resources available to the participant?
- Plan loans vs. Hardship Distributions
- What funds are available for hardship distribution?
- Employee deferral accounts
- Employer-funded Accounts
- Documentation
- Taxation
By Robbie Petrillo
Pinnacle Plan Design is a third-party administrator (TPA) for employer-sponsored qualified retirement plans. We specialize in retirement plan design, administration and actuarial consulting for 401(k)/profit-sharing plans, defined benefit plans, cash balance plans, and 403(b) plans. Pinnacle Plan Design proudly serves businesses nationwide.