IRS guidance sought following hardship withdrawal, loan documentation warning

Published 4 Min Read

Defined contribution plan sponsors remain in regulatory limbo regarding their obligations to maintain detailed documentation surrounding employee 401(k) hardship withdrawals.

In April, in its periodic Employee Plan Newsletter, the IRS stated that, regardless of what records third-party administators maintain, sponsors should “retain these records in paper or electronic format:”

Richard Stolz
Principal, Stolz Communications

Richard Stolz is a freelance writer based in Rockville, Md.


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