Month: April 2017

Sign from IRS Building that reads "Internal Revenue Service"
IRS Provides Guidelines for Safe-Harbor Hardship Distributions from 401(k) Plans

School of Saving and Investing

In its March 2, 2017 Employee Plan News publication, the IRS included their memorandum providing guidelines for examiners to determine if a section 401(k) plan hardship distribution is “deemed to be on account of an immediate and heavy financial need” under the safe-harbor standards.